500% Profit in One Year Multibagger: On August 2, the Indian stock market saw significant volatility on the day of weekly expiry. Both Sensex and Nifty declined. Sensex closed at 80,981.95 points, down by 1.08%, while Nifty 50 closed at 24,717.70 points, down by 1.17%.
- 500% Multibagger: 500% profit in one year
- Major Order from Yogi Government: Order worth ₹558.16 crore
- Growth Despite Market Downturn: Increase despite decline in Sensex and Nifty
- Huge Increase in Net Profit: Annual growth of 3888.17%
Table of Contents
Shakti Pumps’ Stock Performance (500% Profit in One Year)
Despite the decline, the stock of Shakti Pumps, a company that manufactures pumps, motors, and their spare parts, surged. This rise attracted investors’ attention, and the company’s stock saw significant trading activity.
Information about Shakti Pumps:
| Attribute | Value |
|---|---|
| Market Cap | ₹9,389.95 crore |
| Share Price | ₹4,686.75 |
| 52-Week High | ₹4,739.00 |
| 52-Week Low | ₹610.55 |
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Performance Over the Past Few Years:
| Time Period | Growth Percentage |
|---|---|
| 5 Years | 1595.33% |
| 3 Years | 508.91% |
| 1 Year | 573.29% |
| 6 Months | 219.64% |
| 3 Months | 125.28% |
Products and Services
Shakti Pumps manufactures various types of pumps and motors, such as:
- Submersible Pumps
- Solar Pumps
- Vertical Multistage Centrifugal Pumps
- Monoblock and Suction Pumps
- Pressure Booster Pumps
- Wastewater Pumps
- Openwell Pumps
- Shallow Well and Slow Speed Pumps
- Immersible Pumps
These products are used for irrigation, micro-irrigation, horticulture, domestic water supply, and more.
Major Order from Yogi Government
The main reason for the surge in Shakti Pumps’ stock is the major order received from the Uttar Pradesh government. On August 1, 2024, the company announced that it had received an order worth ₹558.16 crore from the Agriculture Department for the supply of pumps. This order is under the PM Kusum scheme and involves the supply of 12,537 pumps in Uttar Pradesh.
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Financial Performance
Shakti Pumps’ performance has been consistently improving over the past few years. In the March quarter report, the company stated that its revenue had increased to ₹609.28 crore, compared to ₹182.66 crore in the same quarter of the previous fiscal year. This represents an annual growth of 233.56%.
Financial Performance:
| Financial Year | Revenue (₹ crore) | Net Profit (₹ crore) |
|---|---|---|
| 2023 (March Quarter) | 182.66 | 2.25 |
| 2024 (March Quarter) | 609.28 | 89.66 |
Conclusion
Shakti Pumps has recently attracted investors by securing major orders and improving its financial performance. This success indicates the potential for even better performance in the future.
