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Rites is currently trading at Rs. 248.30, up by 1.40 points or 0.57% from its previous closing of Rs. 246.90 on the BSE.

The scrip opened at Rs. 253.00 and has touched a high and low of Rs. 253.00 and Rs. 248.00 respectively. So far 2941 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. 239.00 on 02-Mar-2022.

Last one week high and low of the scrip stood at Rs. 257.35 and Rs. 246.00 respectively. The current market cap of the company is Rs. 6007.55 crore.

The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 18.34% and 9.46% respectively.

RITES has signed a memorandum of understanding (MoU) with Titagarh Wagons, a company with expertise in rolling stock and propulsion systems, to synergise their efforts in their respective fields. Under this agreement, RITES will provide expertise in design, marketing, operations & maintenance, and support for tapping domestic and international markets while Titagarh Wagons will develop and manufacture suitable products and submit competitive offer as per the requirement of potential clients and customers in domestic and overseas markets.

Both the companies would explore collaborations in operations & maintenance, signalling & telecommunication, public information system, railway electrification and other systems, export and related services, and infrastructure, including buildings, airports, urban engineering, IT, urban transport, including metro railway systems, for domestic and international markets.

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.