Rajesh Power shares: Up 12% in one month! Will rally continue as order book expands 35% after ₹1629 crore mega order?
· LiveMint Markets
Rajesh Power’s order book has grown 35% to about ₹5,400 crore after securing a ₹1,628.74 crore Gujarat distribution-network contract, due for completion in 24 months. Shares recently rebounded, but analysts recommend waiting: the stock is consolidating between ₹800 support and ₹900 resistance.
The analysis
This is an Order book / contract win event. Order inflow is the only forward-looking number most capital-goods and infrastructure companies disclose. What matters is execution pace and margin on the book, not the headline value.
Market context
- Sectors in the story: Power.
Power
1M -1.2% · 3M -10.6%
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