New Delhi, July 6 -- Multibagger stock Shakti Pumps India surged as much as 5% on NSE in Monday's trading session after the company secured Rs.350 crore worth order from Maharashtra State Electricity Distribution Company (MSEDCL).

The stock opened at Rs.607.95 apiece today, as compared to previous close of Rs.574.10 on Friday. The stock touched an intraday high of Rs.621.90 on 6 July.

Shakti Pumps India has secured a letter of empanelment from the Maharashtra State Electricity Distribution Company (MSEDCL) for setting up off-grid solar photovoltaic water pumping systems across the state.

As part of the order, the company will design, manufacture, supply, transport, install, test and commission 15,000 off-grid solar photovoltaic water p...