Shakti Pumps’ stock has risen significantly over the past year, thanks to impressive growth, with revenues reaching INR 635 crore for Q3 2024, tripling from the previous year. The company reported outstanding orders worth INR 1,800 crore, boosting its stock price from INR 750 to INR 1,014. However, the stock is currently under pressure, down 3%, and analysts suggest it may be overvalued with a PE of 31x and a P/BV of 16x, given its 18% ROE. While long-term investors see growth potential, institutional investors remain cautious, holding only 5% of the company’s shares.