Bengaluru, Dec. 31 -- The shares of this company, which is primarily engaged in the manufacturing of pumps and motors of various kinds and also offers advanced water pumping solutions to a wide range of applications such as irrigation, horticulture, domestic water supply, and commercial and industrial applications, had its shares in momentum following the bagging of a Rs 170 crore order from Madhya Pradesh Urja Vikas Nigam Limited.

With the market cap of Rs 8,961 crore, the shares of Shakti Pumps (India) Ltd had hit their intraday high at Rs 736.30, gaining about 5 per cent compared to their previous day's closing price of Rs 700.60. The shares are trading at a PE of 22.3, whereas their industry PE is at 39.2.

Shakti Pumps has bagged a ...