RITES climbs on securing new business order with JV Partner
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Rites is currently trading at Rs. 297.10, up by 7.45 points or 2.75% from its previous closing of Rs. 289.65 on the BSE.
The scrip opened at Rs. 290.40 and has touched a high and low of Rs. 298.80 and Rs. 290.40 respectively. So far 28008 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. 298.80 and Rs. 270.25 respectively. The current market cap of the company is Rs. 7087.70 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 secured a new business order with JV Partner, for redevelopment of Kollam Railway Station for Rs 361.18 crore from Southern Railway, Ernakulam, Kerala. The share of RITES 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.
