Shakti Pumps Share Price Hits Lower Circuit; Down 3% on March 11, 2025

Shakti Pumps (India) Limited’s share price declined by 2.89% on March 11, 2025, trading at ₹886.35 at 11:00 AM on the NSE, down ₹26.35 from its previous close of ₹912.70. The stock opened at ₹867.10, which also marked the day’s low, while the high remained at ₹912.70.

Shakti Pumps (India) Limited touched its lower circuit limit of ₹871.05 today, and remains under ASM LT: Stage 4, indicating heightened regulatory surveillance.

Broad Market Sell-Off Drags Shakti Pumps

Shakti Pumps (India) Limited faced selling pressure on March 11, 2025, as a broader market downturn weighed on the stock.

Benchmark indices Sensex and Nifty traded lower, tracking a global sell-off triggered by recession concerns in the US, which led to overnight losses on Wall Street.

Weak sentiment spread across sectors, dragging Shakti Pumps down after its strong rally in the previous sessions.

Notably, the stock had hit its upper circuit for 3 consecutive sessions on March 5, 6, and 7, but the broader market weakness reversed its momentum, pushing it toward its lower circuit of ₹871.05.

Secures Order for Solar Water Pumping Systems

Shakti Pumps’ earlier rally followed its order win worth ₹24 crore from the Maharashtra Energy Department Agency (MEDA) for supplying 877 Solar Photovoltaic Water Pumping Systems (SPWPS) under Component-B of the PM-KUSUM scheme. The project encompasses design, manufacturing, supply, transportation, installation, testing, and commissioning of these units across Maharashtra. The company aims to complete the project within 120 days of receiving the work order.

Conclusion

Shakti Pumps’ recent stock movement reflects the broader market trends, with a global sell-off reversing its prior rally. While the stock faced a downturn, hitting its lower circuit on March 11, 2025, its recent ₹24 crore order win under the PM-KUSUM scheme highlights the company’s growth prospects in the renewable energy sector.

Investors should closely monitor market trends, regulatory developments, and company performance before making investment decisions.

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