Rites is currently trading at Rs. 276.25, up by 4.10 points or 1.51% from its previous closing of Rs. 272.15 on the BSE.
The scrip opened at Rs. 276.25 and has touched a high and low of Rs. 279.00 and Rs. 274.95 respectively. So far 1927 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. 232.40 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 279.00 and Rs. 268.75 respectively. The current market cap of the company is Rs. 6539.82 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 17.64% and 10.16% respectively.
RITES has signed a memorandum of understanding (MoU) with SMEC Group to cooperate and explore infrastructure projects. The MoU will enable RITES and SMEC to collaborate and cooperate to explore, identify, pursue, and jointly execute mutually beneficial business opportunities in the infrastructure sector.
It will allow both companies to leverage each other’s expertise and technologies to optimize operations and expand on a global level. The collaboration will facilitate knowledge sharing and the development of business proposals, including exploring consultancy opportunities arising at various government/semi government/autonomous bodies or authorities/private entities/multilateral-funding agencies.
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.