Power Transmission Stock Rallies 6% After Winning Rs.653 Cr Order for Underground Cable Network
Bengaluru, July 9 -- Shares of this EPC contractor jumped on the exchanges after the company announced a large order win from a government power utility. The order strengthens the company's position in underground cabling projects and comes at a time when its financial numbers have been showing steady improvement.
With a market cap of Rs. 1,539 Crores, the shares of Rajesh Power Services Ltd. are trading at Rs.855 i.e. 4.37% up from its previous closing price of Rs.819.2. It made a high of Rs.873.9 which is 6.6% above its previous closing price. It is trading at a P/E ratio of 11.19.
Order Win Details
Rajesh Power Services Limited saw its stock rally as much as 6% after the company announced it had won orders worth Rs 653.12 crore, inc...
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