Shares of Shakti Pumps surged 17% today after the firm said it secured a solar pump order worth Rs 444 crore form Maharashtra State Electricity Distribution Company Limited. The multibagger stock zoomed 16.88% to Rs 644 against the previous close of Rs 550 on BSE. Total 12.70 lakh shares of Shakti Pumps changed hands amounting to a turnover of Rs 78.63 crore. Market cap of the firm rose to Rs 7971 crore. Advertisement

Shakti Pumps shares have gained 813% in three years and risen 1259% in five years.

"We would like to inform you that the Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 16,025 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps of 3 HP, 5 HP, 7.5 HP for the entire state of

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