India, June 2 -- The shares of this company recovered by approximately 7 percent on Monday after the company announced that it secured confirmation as the lowest bidder for the turnkey contract from the government of Gujarat.

With a market capitalization of Rs 2,374 crores, the shares of Rajesh Power Services Ltd are currently trading at Rs 1,318 per share, down by 9 percent from its 52-week high of Rs 1,448 per share. Over the last six months, the stock has delivered a return of 88 percent.

About the contract Rajesh Power Services Ltd. has emerged as the lowest (L1) bidder for a turnkey contract from Paschim Gujarat Vij Company Ltd (PGVCL) for supply, installation, testing, and commissioning of 11 kV Medium Voltage Covered Conductors (...