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Rites is currently trading at Rs. 275.00, up by 0.30 points or 0.11% from its previous closing of Rs. 274.70 on the BSE.

The scrip opened at Rs. 274.70 and has touched a high and low of Rs. 278.60 and Rs. 269.55 respectively. So far 61043 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 413.08 on 27-Feb-2024 and a 52 week low of Rs. 231.00 on 29-Nov-2023.

Last one week high and low of the scrip stood at Rs. 278.60 and Rs. 265.60 respectively. The current market cap of the company is Rs. 13219.01 crore.

The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 12.83% and 14.97% respectively.

RITES has signed a Memorandum of Understanding (MoU) with the National Institute of Solar Energy (NISE), an apex R&D institute under the Ministry of New and Renewable Energy (MNRE), to collaborate for Quality Assurance (QA) services for solar and renewable energy projects.

The strategic partnership will leverage the company’s extensive expertise in assuring quality, along with NISE’s leadership in solar energy research and technology development, to deliver innovative solutions in the renewable energy sector. It aims at exploring and executing QA projects in solar photovoltaic (PV), solar thermal applications, green hydrogen, and other renewable energy domains.

Under this MoU, the company will provide QA services, while NISE will contribute through research, training, and technological support. Both organizations will work closely to enhance strengthen renewable energy infrastructure and promote skill development initiatives.

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.