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Forget power: The unquenchable AI thirst propelling water stocks up to 45%
India's water sector is experiencing a surge, with stocks like Shakti Pumps and VA Tech Wabag jumping up to 45% in a month. This rally is fueled by increased government funding for water infrastructure and the growing demand from data centers for cooling. Experts predict wastewater treatment and recycling will be key growth areas, though current valuations reflect future optimism more than present earnings.
Enviro Infra Engineers shares gain 10% after winning order worth ₹411 crore in Bihar
Stocks like Enviro Infra, Shakti Pumps, EMS, and their peers have been in focus since Wednesday, after the Union Cabinet extended the duration of the Jal Jeevan Mission till 2028, and also increased the allocation towards the scheme.
Shakti Pumps, Denta Water to KEC International Share Price Surge: Pump & Pipe Stocks Jump After Jal Jeevan Mission Extension | Stock Market Today - Samco
Shakti Pumps, Denta Water to KEC International Share Price Surge: Pump & Pipe Stocks Jump After Jal Jeevan Mission Extension | Stock Market TodaySamco
Shakti Pumps, NCC & KEC International soar up to 16% as govt clears Rs 8.7 lakh crore Jal Jeevan Mission extension
Shares of Shakti Pumps, NCC, and KEC International rallied as much as 16% after the Union Cabinet approved the Jal Jeevan Mission's extension until 2028. The program has a Rs 8.69 lakh crore outlay. This decision is expected to benefit several engineering, procurement, and construction companies. Pump manufacturers and pipe makers will also see support. A new digital framework, Sujalam Bharat, will be introduced.