Shakti Pumps ends higher after investing Rs 10-cr in solar manufacturing subsidiary

The strategic capital infusion of ₹10 crore into its wholly owned subsidiary to set up a massive 2.20 GW solar cell and module plant serves as a clear vertical integration play. This move significantly reduces raw material dependencies for its core solar pump business and unlocks capacity in higher-margin segments. Given the government's strong capital expenditure focus on solar initiatives, this deployment provides notable structural clarity and supports a bullish swing to positional outlook over a multi-week horizon.

Price at alert: ₹537.15