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Solar pump stock jumps 13% after receiving domestic and international orders for solar pumps

Solar pump stock jumps 13% after receiving domestic and international orders for solar pumps

The shares of Positive Displacement pump manufacturers gained up to 13 percent after the company secured domestic and international orders for Solar Submersible Pumping Systems.  With a market capitalization of Rs 1,959.21 crore, the shares of Roto Pumps Ltd were trading at Rs 311.90 per share, increasing around 10.54 percent as compared to the previous [...]
Solar pump stocks deliver 280% returns in 2024; Are companies benefiting from PM KUSUM scheme?

Solar pump stocks deliver 280% returns in 2024; Are companies benefiting from PM KUSUM scheme?

In simple terms, a solar-powered pump operates using energy from photovoltaic panels or collected sunlight, rather than relying on grid electricity or diesel. These pumps are more economical due to their lower operation and maintenance costs and have a smaller environmental footprint compared to diesel-powered pumps.  To encourage this technology, the Indian government has introduced [...]
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