Shakti Pumps (India) is witnessing a significant rise, trading at its upper circuit limit of ₹4695.45, a gain of 223.55 points or 5.00% from the previous close of ₹4471.90 on the BSE.

The stock opened at ₹4401.00 and has reached a high of ₹4695.45 and a low of ₹4358.65. A total of 38,175 shares have been traded so far.

This BSE group 'B' stock, with a face value of ₹10, achieved a 52-week high of ₹4740.50 on July 25, 2024, and a 52-week low of ₹618.50 on August 14, 2023.

Over the last week, the stock's high and low stood at ₹4695.45 and ₹4180.00, respectively. The company's current market capitalization is ₹9407.38 crore.

Promoters hold 51.58% of the company, while institutions and non-institutional investors hold 9.16% and 39.26%, respectively.

Shakti Pumps (India) has received a Letter of Intent from the Department of Agriculture, Uttar Pradesh, to supply 12,537 pumps across the state under Component-B of the PM-KUSUM scheme (Phase-III).

The order, valued at approximately ₹558.16 crore (including GST), is to be executed by March 31, 2025, in phases as defined by subsequent letters of proceed.

Shakti Pumps (India) specializes in manufacturing a wide range of submersible pumps and motors for various applications.