RITES surges on inking MoU with Grands Trains DU Senegal
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Rites is currently trading at Rs. 246.35, up by 1.25 points or 0.51% from its previous closing of Rs. 245.10 on the BSE.
The scrip opened at Rs. 247.30 and has touched a high and low of Rs. 248.15 and Rs. 245.45 respectively. So far 2256 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. 248.15 and Rs. 239.10 respectively. The current market cap of the company is Rs. 5935.46 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 Grands Trains DU Senegal (GTS-S.A), a railroad company of Senegal, on technical cooperation in the railway sector.
The MoU aims to enable technical cooperation in the fields of rail transportation, supply of rolling stock, railway infrastructure development, including dedicated freight corridors and passenger stations, modernization of workshops, IT solutions for railway operations, and up-gradation of signalling, telecommunication, and rail monitoring systems. The MoU also facilitates RITES to offer its services for the operation and maintenance of the railway network and sidings.
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.
