Synopsis: Multibagger small cap stock secured orders worth Rs 95.23 Cr for 3233 Solar Water Pumping Systems from two state nodal agencies- JREDA and MPUVNL.

On Friday, a small cap stock where the company is in the business of manufacturing of pumps and motors was in the spotlight soon after the company received two orders totalling valuing at Rs 95.23 Cr order of Solar Water Pumping Systems from the Jharkhand Renewable Energy Development Agency and Madhya Pradesh Urja Vikas Nigam Limited.

With a market cap of Rs 8,084 Cr Shakti Pumps (India) Ltd saw its stock hit an intraday high of Rs 660.90, which is 4.7 percent higher than the previous close of Rs 630.3. It has delivered a multibagger return of 1280 percent.

What’s the News?

Shakti Pumps (India) Ltd (SPIL) announced that the co

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