Branch2 Intelligence
Oswal Pumps, Shakti Pumps shares gain up to 8% on MSEDCL orders for solar projects
Key takeaway
Oswal Pumps and Shakti Pumps win ₹236 crore and ₹354 crore solar pump orders from MSEDCL under PM KUSUM B scheme.
- Step 11st-order: MSEDCL awards ₹236 crore and ₹354 crore solar pump orders to Oswal Pumps and Shakti Pumps under PM KUSUM B scheme.
- Step 22nd-order: Order book growth drives revenue visibility and investor confidence, lifting share prices up to 8%.
- Step 33rd-order: Increased demand for solar pumps boosts orders for component suppliers (solar panels, motors, controllers) and may lead to capacity expansion by manufacturers.
Source: CNBC TV18 (Markets)
This is automated analysis for information only. It is not investment advice, not a recommendation, and not a solicitation to buy or sell any security. Branch2 is not authorised or regulated. Do your own research.