Shakti Pumps' share price stayed firmly in focus on December 15 as the stock surged another 14%, extending its sharp rebound for the third straight session. The rally reflects renewed market interest after the company announced multiple large order wins, helping the stock recover a significant portion of its recent losses.
By mid-session, Shakti Pumps' share price today touched a one-month high of ₹739.60, underlining strong momentum driven purely by order-related developments and visible improvement in business visibility.
Market Performance: Strong Three-Session Rebound
The recent move in Shakti Pumps' share price has been swift and decisive.
- Day’s gain: ~14%
- Three-session rally: ~34%
- Current level: ₹739.60
- Trend: Third consecutive day of gains
This sharp recovery comes after a period of weakness, with the stock now clawing back a large part of its earlier decline.
Main News: Order Wins Drive Shakti Pumps Share Price Rally
The trigger behind the rally is a series of confirmed order wins that strengthened the company’s execution pipeline.
Shakti Pumps recently secured a work order from Madhya Pradesh Urja Vikas Nigam Limited for:
- 2,033 off-grid DC solar photovoltaic water pumping systems
- Coverage across the entire state
- Order value: ₹71.25 crore
- Scheme: Component-B of the PM-KUSUM programme
This was followed by major developments from Maharashtra.
On December 11, the company received a Letter of Empanelment from the Maharashtra State Electricity Distribution Company for:
- Design, manufacture, supply, installation, testing, and commissioning
- Off-grid DC solar photovoltaic water pumping systems
- Order value: ₹443.78 crore (inclusive of GST)
- Execution timeline: 60 days from work order issuance
These back-to-back updates helped lift sentiment around Shakti Pumps' share price rally, keeping the stock on investors’ radar.
Growing Order Pipeline Anchors Business Visibility
The latest contracts add to Shakti Pumps’ expanding presence under state and central solar irrigation programmes.
Earlier, in September, the company had secured another major order from Maharashtra:
- Order value: ₹374 crore
- Scope: Supply and installation of 34,720 off-grid solar water pumping systems
- Scheme: PM-KUSUM
As per its September quarter disclosure, the company’s order book stood at ₹13,000 crore, highlighting strong visibility across multiple regions. Maharashtra has emerged as a key execution hub, contributing meaningfully to ongoing project activity.
Financial Snapshot: September Quarter Performance
For the quarter ended September, Shakti Pumps reported steady topline growth, although margins faced pressure.
- Revenue: ₹666 crore
- YoY growth: 5%
- Operating margin: 20.4%
- Previous year: 23.4%
- Net profit: ₹91 crore
- Previous year: ₹101 crore
The quarter was impacted by an extended monsoon, which slowed installations. Rising raw material costs also weighed on profitability during the period.
Execution Footprint Beyond India
Alongside domestic orders, Shakti Pumps continued executing international projects during the quarter.
- Projects completed across Haiti, Uganda, Bangladesh, and Nepal
- Ongoing demand reported from the USA, the Middle East, and Africa
This diversified execution footprint supports the company’s broader operating base without altering the near-term narrative driven by domestic orders.
Shakti Pumps Share Price History: A Volatile Ride
Despite the recent rally, Shakti Pumps' share price history reflects sharp swings over different time frames.
- Three sessions: +34%
- Year-to-date: Down ~31%
- Previous calendar year return: +526%
- CY23 return: +150%
- Since 2020 low (₹17): +3,605%
The latest bounce has helped the stock recover much of its recent slump, though it remains below earlier highs.
Summary
Shakti Pumps' share price surged 14% on December 15, extending a 34% rally over three sessions, driven entirely by confirmed order wins under solar irrigation schemes. Fresh contracts from Madhya Pradesh and Maharashtra strengthened the company’s order pipeline, while a ₹13,000 crore order book continues to anchor business visibility.
Although recent quarterly performance reflected margin pressure and weather-related execution challenges, the sharp rebound in the stock underscores how quickly sentiment can shift when clarity on orders and execution emerges.
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