Rajesh Power Services Shares Dip Below Previous Close Despite Higher Open
Mumbai: Shares of Rajesh Power Services Ltd (BOM: 544291) traded modestly lower in the early session on the Bombay Stock Exchange (BSE) on Thursday, April 4th, giving back initial gains.
As of 9:26 am IST, Rajesh Power Services was trading at 900.20 INR, reflecting a decrease of 4.35 INR or 0.48% for the day. This decline occurred despite the stock opening the session higher at 905.50 INR, compared to its previous close of 904.55 INR.
Early trading activity saw the stock hit a day’s high matching its opening price of 905.50 INR. However, selling pressure emerged, pushing the price down to a day’s low of 900.00 INR before settling slightly above that level.
Rajesh Power Services currently commands a market capitalization of 1.62 Thousand Crore INR. Data for the Price-to-Earnings (P/E) ratio and dividend yield was not immediately available.
Looking at the longer-term perspective, the current share price is trading below its 52-week high of 1,248.00 INR but remains above its 52-week low of 636.50 INR. Investors are observing the stock’s trajectory after its pullback from the opening high.
