RITES inches up on signing MoU with CARE Advisory Research and Training
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Rites is currently trading at Rs. 492.70, up by 0.70 points or 0.14% from its previous closing of Rs. 492.00 on the BSE.
The scrip opened at Rs. 492.05 and has touched a high and low of Rs. 494.55 and Rs. 490.05 respectively. So far 6157 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 583.45 on 11-Sep-2023 and a 52 week low of Rs. 305.75 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 509.50 and Rs. 485.00 respectively. The current market cap of the company is Rs. 11822.85 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 18.69% and 9.11% respectively.
RITES has signed a memorandum of understanding (MoU) with CARE Advisory Research and Training (CART), a subsidiary of CARE Ratings, to explore avenues of mutual collaboration in the consultancy domain, including ESG services, across sectors.
As part of the MoU, both entities will also collaborate for providing ESG consultancy services, including ESG Assessment, Gap Analysis, ESG Due Diligence, ESG Policy Development and Roadmap as well as ESG/Compliance reporting across sectors. They will jointly develop a ‘go-to’ market strategy to work proactively and bring in best practices by leveraging each other’s strengths to optimise operations.
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.
