RITES rises on signing MoU with NHAI
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Rites is currently trading at Rs. 767.15, up by 8.30 points or 1.09% from its previous closing of Rs. 758.85 on the BSE.
The scrip opened at Rs. 762.35 and has touched a high and low of Rs. 769.60 and Rs. 753.35 respectively. So far 31870 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 826.15 on 27-Feb-2024 and a 52 week low of Rs. 432.65 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 771.00 and Rs. 661.50 respectively. The current market cap of the company is Rs. 18235.31 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 signed a Memorandum of Understanding (MoU) with National Highways Authority of India (NHAI), under the Ministry of Road Transport and Highways, Government of India. This partnership aims to deliver consultancy services for NHAI projects in the areas of highways, bridges and tunnels and road safety audits. Under the terms of the MoU, RITES will conduct external technical audits, infrastructure health monitoring, provide quality assurance and other related services.
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.
