Shares of Shakti Pumps (India) fell sharply, dropping about 4.7% to around Rs. 744 on the BSE as investors began booking profits following an impressive rally of more than 40% in just four trading sessions. The decline reflects a natural short-term correction after the stock surged on strong buying momentum earlier this week.
The recent run-up in Shakti Pumps’ share price was driven by heavy investor interest after the company secured significant new orders for solar water pumping systems, boosting sentiment around growth prospects in the renewable energy segment. However, after such a rapid gain, some traders chose to lock in profits, resulting in the pullback in the stock.
Market analysts often see such profit booking after steep rallies as a normal market reaction, especially in smaller-cap stocks where volatility can be high. Investors are likely to watch upcoming corporate developments and order inflows closely to gauge whether the stock can sustain its momentum in the coming sessions.
