Shakti Pumps shares rally 45% in four sessions after hitting record low: Here's why

Shakti Pumps share price

The shares of Shakti Pumps have seen significant surge recently, rising nearly 6 percent on December 16 to extend gains for the fourth consecutive session. The stock has now surged 45 percent in just four days.

The sharp rise in the share price comes after the stock fell for eight consecutive sessions from December 1 to December 10, dropping to a fresh 52-week low of Rs 548.45 apiece last week.

What leading to the rally?

The recent sharp rally in the stock comes as the company announced several new order wins. On December 11, Shakti Pumps announced that it has received a letter of empanelment from the Maharashtra State Electricity Distribution Company for 16,025 off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana/PM Kusum B Scheme.

The company said that the total value of the 16,025 pumps stands at around Rs 443.78 crore, including GST. The said domestic order is scheduled to be completed within 60 days. As part of the order, Shakti Pumps will design, manufacture, supply, transport, install, test and commission the off‐grid DC Solar Photovoltaic Water Pumping Systems in Maharashtra.

On December 12, Shakti Pumps announced that Jharkhand Renewable Energy Development Agency has given its Letter of Award for 1,200 SWPS at various locations across Jharkhand under Component-B of PM-KUSUM scheme. The total order value was stated to be Rs 23.98 crore, inclusive of GST.

In another exchange filing released on December 12, Shakti Pumps announced that it has received a work order from Madhya Pradesh Urja Vikas Nigam Limited for 2,033 SPWPS pumps for Madhya Pradesh under Component-B of PM-KUSUM scheme. The total value of the 2,033 pumps was stated to be around Rs 71.25 crores, inclusive of GST.

Shakti Pumps share price history:

Shakti Pumps shares have gained over 37 percent in one week, and around 8 percent in one month. However, the stock is still down nearly 30 percent in 2025 so far. This came after the stock rallied more than 1,035 percent in past three years.

After hitting a 52-week high of Rs 1,387 per share in January this year, the stock fell over 60 percent to hit a 52-week low of Rs 548.45 per share on December 10. Although the stock has made some recovery since then, it is still down around 43 percent from its 52-week high level, and nearly 85 percent lower than its all-time high of Rs 5,124.80 per share, which it had hit in October last year.

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