RITES moves higher on bagging order worth Rs 297.67 crore
RITES is currently trading at Rs. 304.95, up by 8.45 points or 2.85% from its previous closing of Rs. 296.50 on the BSE.
The scrip opened at Rs. 305.40 and has touched a high and low of Rs. 309.00 and Rs. 303.10 respectively. So far 178316 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. 235.25 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 309.85 and Rs. 291.45 respectively. The current market cap of the company is Rs. 14571.91 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 secured an order worth Rs 297.67 crore from the Ministry of External Affairs, Government of India for Project Implementation Services for the Construction of Integrated Check Post (ICP). The project is expected to be completed within a period of 59 months, including the defect liability period.
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.
