RITES shines on signing MoU with Delhi Metro Rail Corporation
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Rites is currently trading at Rs. 700.00, up by 20.10 points or 2.96 % from its previous closing of Rs. 679.90 on the BSE.
The scrip opened at Rs. 690.05 and has touched a high and low of Rs. 708.00 and Rs. 690.00 respectively. So far 105762 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. 365.00 on 06-Jul-2023.
Last one week high and low of the scrip stood at Rs. 697.00 and Rs. 641.80 respectively. The current market cap of the company is Rs. 16338.13 crore.
The promoters holding in the company stood at 72.20 % while Institutions and Non-Institutions held 15.27 % and 12.53 % respectively.
RITES has signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation (DMRC) for collaboration in comprehensive operations and management projects of Metro Railway Systems, including Rolling Stock, Depot Management, Station Management, maintenance of Railway Infrastructure, etc. in India and abroad.
The partnership aims at streamlining the process for jointly exploring, identifying, securing, and executing consultancy assignments for operations and management of Metro/LRT/Mass Rapid Transit Systems in India and abroad. As a part of this collaboration, DMRC and RITES will work together in tandem, leveraging each other’s strengths and enhancing business capabilities.
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.
