Shakti Pumps (India) Ltd (SHAKTIPUMP) trades at around ₹721, aligning closely with the user's CMP of ₹724 amid recent volatility from ₹709-₹737. Strong order wins like ₹654 Cr Karnataka solar pumps bolster sentiment, though high debtors pose risks. Technicals show consolidation with upside potential on solar push, supported by robust fundamentals.
Technical View
Pivot analysis indicates a central pivot at ₹968, but recent price action below suggests short-term weakness trading under key MAs. Bearish momentum persists with 3-month return -10.59%, focusing on rebound from supports. RSI and volume point to possible bounce if holds recent lows.
Support & Resistance
Derived from latest pivot and historical data:
Level Type Support (₹) Resistance (₹)
Immediate 867-906 992-1030
Major 705-721 1055+
52-Week 548-549 1216-1398
Targets & Stop Loss
For CMP ₹724, short-term targets at ₹800-₹850 on order momentum, with stop loss below ₹705-₹710 to protect against breakdowns. Intraday longs target ₹750 with SL ₹710; adjust based on volume spikes from new orders.
Fundamental View
Market cap ₹8,893 Cr, P/E 22.1 (reasonable vs peers), ROCE 55.3%, ROE 42.6%, but debtor days high at 152. Q2 FY26 revenue ₹672 Cr (+7.6% QoQ), PAT ₹91 Cr (-6.3% QoQ); 5-year profit CAGR 99%. Promoter holding dipped -5.61% over 3 years; strong solar orders offset.
Term Outlooks
Short-term (1-3 months): Bullish on ₹1,900 Cr orders, target ₹800+ if crude/solar policies aid; SL ₹700.
Medium-term (3-12 months): Positive growth from PM-KUSUM, sales CAGR 46% past 5 years; watch execution.
Long-term: Attractive for holds with 10-year sales growth 24%, ROE track 21%; solar focus key. SHREEJIFINANCE&INVESTMENT HATHIJAN CIRCAL AHMEDABAD IMAGE CREATE
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