RITES rises on securing orders worth Rs 93 crore
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RITES is currently trading at Rs. 260.25, up by 1.10 points or 0.42% from its previous closing of Rs. 259.15 on the BSE.
The scrip opened at Rs. 262.00 and has touched a high and low of Rs. 262.00 and Rs. 255.80 respectively. So far 45014 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 301.85 on 02-Mar-2020 and a 52 week low of Rs. 191.00 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 262.65 and Rs. 238.00 respectively. The current market cap of the company is Rs. 6158.94 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 17.26% and 10.54% respectively.
RITES has secured major orders amounting to Rs 93 crore approximately. The company has received Turnkey order of signalling works from Ministry of Railways amounting to Rs 67.18 crore and Extension of general consultancy work for Nagpur Metro rail project and GEC positions from Gujarat Metro Rail Corporation amounting to Rs 26 crore.
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.
