RITES shines on signing contract agreements with National Railways of Zimbabwe
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Rites is currently trading at Rs. 383.40, up by 4.55 points or 1.20% from its previous closing of Rs. 378.85 on the BSE.
The scrip opened at Rs. 384.80 and has touched a high and low of Rs. 387.80 and Rs. 382.20 respectively. So far 14048 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. 388.00 and Rs. 373.35 respectively. The current market cap of the company is Rs. 9103.84 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 19.28% and 8.53% respectively.
RITES has signed Contract Agreements with National Railways of Zimbabwe (NRZ) for supply of rolling stock (3000 HP Diesel Electric Locomotives and High Sided Open Wagons) valuing $81,175,500. However, the Contract Agreements are subject to approval of funding by funding agency.
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.
