RITES jumps after its consortium secures order worth Rs 499.41 crore

Rites is currently trading at Rs. 372.00, up by 27.55 points or 8.00% from its previous closing of Rs. 344.45 on the BSE.

The scrip opened at Rs. 345.00 and has touched a high and low of Rs. 387.00 and Rs. 345.00 respectively. So far 222784 shares were traded on the counter.



The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 387.00 on 13-Oct-2022 and a 52 week low of Rs. 226.05 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 387.00 and Rs. 339.55 respectively. The current market cap of the company is Rs. 9005.31 crore.

The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 18.74% and 9.06% respectively.

RITES’ consortium has secured a new business order from Bangalore Metro Rail Corporation for Construction of Depot cum Workshop for Rs 499.41 crore. The share of the company in the order is 51%.

RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.

Leave a Comment