Rites is currently trading at Rs. 263.50, up by 3.20 points or 1.23% from its previous closing of Rs. 260.30 on the BSE.
The scrip opened at Rs. 266.00 and has touched a high and low of Rs. 266.55 and Rs. 260.70 respectively. So far 13156 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 318.00 on 25-Oct-2021 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. 266.55 and Rs. 249.50 respectively. The current market cap of the company is Rs. 6329.55 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 18.74% and 9.06% respectively.
Rites has reported results for first quarter ended June 30, 2022.
The company has reported a rise of 83.40% in its net profit at Rs 129.26 crore for the quarter under review as compared to Rs 70.48 crore for the same quarter in the previous year. Total income of the company increased by 69.85% at Rs 609.73 crore for Q1FY23 as compared Rs 358.98 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 85.85% in its net profit at Rs 144.70 crore for the quarter under review as compared to Rs 77.86 crore for the same quarter in the previous year. Total income of the company increased by 68.77% at Rs 636.71 crore for Q1FY23 as compared Rs 377.26 crore for the corresponding quarter previous year.