PNB Housing, Shakti Pumps Lead Pre-Opening Stock Surge

RENEWABLES

Overview

PNB Housing Finance, Shakti Pumps, and Ganesh Housing Corporation emerged as top gainers during the BSE pre-opening session. PNB Housing and Ganesh Housing saw rallies attributed to market forces, while Shakti Pumps secured a significant ₹654 crore order for solar pumps under the PM-KUSUM scheme, fueling its advance.

Pre-Opening Surge on BSE

PNB Housing Finance Ltd, Shakti Pumps (India) Ltd, and Ganesh Housing Corporation Ltd led the pack with significant gains during the Bombay Stock Exchange's pre-opening session. The benchmark S&P BSE Sensex commenced trading with a modest uptick of 142 points, or 0.17 percent. Sectorally, the metals index showed strength, advancing 0.31 percent, while power and auto sectors experienced minor pullbacks.

Shakti Pumps Secures Major Order

Shakti Pumps (India) Ltd saw its shares rally 5.05 percent to trade at ₹720.25. The company announced it had received its first Letter of Award from Karnataka Renewable Energy Development Ltd. This award is for the design, manufacture, supply, installation, and commissioning of 16,780 standalone off-grid DC solar photovoltaic water pumping systems across Karnataka under the PM-KUSUM scheme. The total value of this domestic contract is approximately ₹654.03 crore, including GST, with completion expected by March 31, 2026.

Market Dynamics and Other Gainers

PNB Housing Finance Ltd surged 5.35 percent to ₹1,024.85, and Ganesh Housing Corporation Ltd gained 4.31 percent to ₹789.70. Both companies have made no significant announcements recently, suggesting their share price movements were driven by market forces. This activity highlights investor interest in specific segments, even as broader market indices show cautious opening.

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