Rajesh Power wins Rs 471.92 cr order from MGVCL, order book nears Rs 4,000 cr

Govt Defence OrderBusiness Updates View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.5%Reaction day

₹732.10

prior close

₹780.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+3.7% vs market

Other Utilities peers, median of 13sector · industry level-0.8%+5.3% vs sector

On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 5.3 pts more than its Other Utilities peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+0.1

15m

+0.5

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.5+0.8+3.7-0.8+5.3

Next day

+5.5+1.0+4.4-0.5+5.9

+7.9+1.7+6.2+0.6+7.3

+13.0+0.1+13.0-0.1+13.1

+13.4+0.8+12.6-1.0+14.4

+11.7-0.9+12.6-2.2+14.0

+5.0-4.5+9.5-7.7+12.6

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Other Utilities peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rajesh Power Services secured Rs 471.92 crore turnkey contracts from MGVCL, a Gujarat state-owned power utility, for converting HT 11kV overhead lines into medium voltage covered conductor and underground cabling across Gujarat. The order adds over 10 percent to the order book in one go, taking total close to Rs 4,000 crore with 18 months execution visibility.

Likely market impact

Strong revenue visibility and pipeline strength. Positive for stock as the mega order significantly boosts execution runway.