RITES trades higher on bagging new order worth Rs 77 crore
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Rites is currently trading at Rs. 350.50, up by 2.50 points or 0.72% from its previous closing of Rs. 348.00 on the BSE.
The scrip opened at Rs. 349.45 and has touched a high and low of Rs. 353.05 and Rs. 348.35 respectively. So far 10280 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. 360.90 and Rs. 346.90 respectively. The current market cap of the company is Rs. 8385.33 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 secured order with JV partner, for a Project Management Consultancy work under Assam Health System Strengthening Project. The likely cost of work for the consultancy project comes around Rs 122 crore. The RITES’ fees in the work order is around Rs 77 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.
