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Shakti Pumps (India) shares experienced a surge of 4.6% following the announcement of a significant order worth Rs 114.58 crore from the Maharashtra Energy Department Agency (MEDA). The order involves the supply and installation of 4,500 off-grid Solar Photovoltaic Water Pumping Systems under the PM-KUSUM scheme, to be completed within 90 days across Maharashtra.
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After a weak start to 2025, Tata Group stocks have rebounded sharply in the past three months, with 16 companies posting double-digit gains. The rally has been led by lesser-known names like Automobile Corporation of Goa and Rallis India, while tech, consumption, and large-cap players like Tata Elxsi, Trent, Tata Motors, and Titan also contributed to the momentum.
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The correction in Reliance Power share price follows a 106% surge over the past month, supported by strong project wins, equity infusion, and a turnaround in quarterly earnings. The company posted a consolidated net profit of Rs 126 crore, a turnaround from a net loss of Rs 397.56 crore in the same period last year.
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