Rajesh Power Services recently secured a significant ₹1,628.74 crore turnkey project from Dakshin Gujarat Vij Company Limited to convert overhead lines into underground cabling over 24 months. This latest win closely follows an earlier ₹471.92 crore order from Madhya Gujarat Vij Company Limited, pushing the total order book to approximately ₹5,400 crore. Even with a 46% year-on-year revenue increase in the first half of FY27, technical analysts recommend holding off on fresh trades until the share price convincingly breaks past ₹900.
Key points
Anand Rathi technical analyst Jigar S. Patel advises maintaining a wait-and-watch approac…: Anand Rathi technical analyst Jigar S. Patel advises maintaining a wait-and-watch approach until a directional breakout occurs.
Key trading boundaries are set at crucial support of ₹800 and major resistance around the…: Key trading boundaries are set at crucial support of ₹800 and major resistance around the ₹900 mark.
Robust revenue expansion of 46% in H1 FY27 underscores strong underlying operational mome…: Robust revenue expansion of 46% in H1 FY27 underscores strong underlying operational momentum despite lingering yearly stock losses.
Sources checked by our analysis pipeline: 1
Rajesh Power Services shares have staged a strong recovery, rising over 12% in the past month and gaining more than 11% in just one week. The rally has gathered momentum following back-to-back mega order wins from Gujarat's power utilities, which has taken the company's aggregate order book to approximately ₹5,400 crore, marking a 35% expansion.
The power sector stock gained another 3.5% on Thursday, November 5, touching an intraday high of ₹852 per share. The latest order win has strengthened its project pipeline and improved revenue visibility, particularly as India steps up investments in power distribution infrastructure.
However, the recent recovery comes after a prolonged period of weakness. Rajesh Power shares have declined 3% in the past three months, 11% in six months and 44% over the last year. The stock remains around 42% below its 52-week high of ₹1,465, recorded in November 2025. It touched a 52-week low of ₹705 in September 2026.
Rajesh Power's back-to-back mega orders take order book to ₹5,400 crore
Rajesh Power's latest ₹1,628.74 crore turnkey contract from DGVCL marks its second major order win…
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