RITES inches up on receiving LOA from Ntokoto Rail Holdings
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Rites is currently trading at Rs. 296.20, up by 0.45 points or 0.15% from its previous closing of Rs. 295.75 on the BSE.
The scrip opened at Rs. 295.85 and has touched a high and low of Rs. 299.25 and Rs. 292.30 respectively. So far 37104 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. 216.33 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 333.95 and Rs. 292.30 respectively. The current market cap of the company is Rs. 14218.66 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 14.28% and 13.51% respectively.
RITES has received the letter of award (LOA) from Ntokoto Rail Holdings for Supply and commissioning of overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives fitted with new Cape Gauge Bogies, Traction Motors, Control System Air braked, etc. overhauled at nominated facility and on-site warranty support for one year. Broad consideration or size of the order is $5.40 Million (CIF). The said order is expected to be executed in 6 months.
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.
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