New Delhi, Nov. 5 -- 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 Rs.5,400 crore, marking a 35% expansion.

The power sector stock gained another 3.5% on Thursday, November 5, touching an intraday high of Rs.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 s...