{"id":120716,"date":"2024-03-13T14:41:27","date_gmt":"2024-03-13T09:11:27","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=120716"},"modified":"2024-03-13T15:38:17","modified_gmt":"2024-03-13T10:08:17","slug":"stock-falls-4-despite-receiving-an-order-from-haryana-govt-for-2130-solar-water-pumps","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-falls-4-despite-receiving-an-order-from-haryana-govt-for-2130-solar-water-pumps\/","title":{"rendered":"Stock falls 4% despite receiving an order from Haryana\u00a0Govt for 2,130 solar water pumps"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3594628597\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this pumps and motors manufacturing company fell around 4 percent in Wednesday\u2019s trading session despite receiving an order from Haryana Renewable Energy Department. The shares have delivered a multibagger return of 180 percent to its shareholders in one year.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2876711393\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 2,141 crores, the shares of Shakti Pumps (India) Ltd started Wednesday\u2019s trading session on a lower note at Rs. 1, 210.05 compared to its previous close of Rs. 1,217.25. During the trading session, the shares hit a low of Rs. 1,156, making a loss of around 4 percent and are currently trading at Rs. 1,165 apiece.&nbsp;<\/p><p>According to the exchange filing, the company announced that it had received the 4th work order under the KUSUM\u20103 scheme from the Haryana Renewable Energy Department (HAREDA) for 2,130 pumps for supply, installation and commissioning of solar water pumping systems. The total amount of the work order is for around Rs. 73.32 crores.&nbsp;<\/p><p>Coming onto the company\u2019s financial statements, the revenue zoomed by 224 percent from Rs. 153 crores during the September quarter to Rs. 496 crores in the December quarter. In addition, the net profits magnified by 650 percent from Rs. 6 crores to Rs. 45 crores during the same period.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3377209141\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The order book of Shakti Pumps in Q3FY24 stands at RS. 2,250 crores to be completed in the next 21 months. This order book includes new solar pump orders in addition to ongoing orders, reflecting a strong pipeline of projects for the company.&nbsp;<\/p><p>Additionally, the company has been focusing on research and development (R&amp;D) initiatives, with 29 patents filed and 11 patents received, which are expected to enhance the company&#8217;s technological capabilities in the future.&nbsp;<\/p><p>Furthermore, the company plans to invest Rs. 250 crores over the next five years in its newly incorporated green subsidiary. Moreover, under the KUSUM scheme, the government has a target to install over 3 million solar pumps, for which the company targets to install 20 to 30 percent of it.&nbsp;<\/p><p>Headquartered in Pithampur, Shakti Pumps was incorporated in 1995. The company is primarily engaged in the manufacturing of pumps and motors of various kinds. It also offers advanced water pumping solutions to a wide range of applications such as irrigation, horticulture, domestic water supply, and commercial and industrial applications.&nbsp;<\/p><p><strong>Written By Vaibhav Patil&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-4130703518\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-1621597060\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this pumps and motors manufacturing company fell around 4 percent in Wednesday\u2019s trading session despite receiving an order from Haryana Renewable Energy Department. The shares have delivered a multibagger return of 180 percent to its shareholders in one year.&nbsp; With a market capitalization of Rs. 2,141 crores, the shares of Shakti Pumps (India) [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":110098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-120716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock falls 4% despite receiving an order from Haryana\u00a0Govt for 2,130 solar water pumps - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this pumps and motors manufacturing company fell around 4 percent in Wednesday\u2019s trading session despite receiving an order from Haryana Renewable Energy Department. 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