Rajesh Power order book rises 35% after ₹1,628.74 crore contract
In short
Rajesh Power’s order book grew 35% to about ₹5,400 crore after it won a ₹1,628.74 crore contract in Gujarat. The project is due to be completed in 24 months.
The shares have recovered lately, but analysts say the stock is still trading between ₹800 and ₹900. It is not clear yet whether the rally will continue.
What the reporting says
Rajesh Power said its order book rose 35% to about ₹5,400 crore after winning a ₹1,628.74 crore Gujarat distribution-network contract due for completion in 24 months. The report says shares have rebounded recently but are consolidating between ₹800 support and ₹900 resistance, and analysts advise waiting. The immediate consequence is a larger backlog, while the stock’s next move remains uncertain.
Why it matters
Rajesh Power’s larger order book after the Gujarat distribution-network contract is the key business development, and it gives the company more visible future work over the next 24 months. The report says the stock has rebounded, but analysts want to see whether it can break the ₹900 resistance level. No earnings impact or execution detail is provided, so the effect is mainly on backlog and sentiment.