RITES shines on bagging work order from Kerala Infrastructure Investment Fund Board
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Rites is currently trading at Rs. 351.95, up by 7.10 points or 2.06% from its previous closing of Rs. 344.85 on the BSE.
The scrip opened at Rs. 352.95 and has touched a high and low of Rs. 353.95 and Rs. 349.95 respectively. So far 657 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 433.20 on 04-Nov-2022 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. 353.95 and Rs. 343.40 respectively. The current market cap of the company is Rs. 8286.81 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 18.39% and 9.41% respectively.
RITES has received a work order for the PMC work from Kerala Infrastructure Investment Fund Board (KIIFB) for their projects at an estimated fee of Rs 72 crore. Earlier in March 2023, the company had secured order with JV partner, for a Project Management Consultancy work under Assam Health System Strengthening Project.
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.
