RITES soars on bagging LoA worth $3.6 million from Berhard Development Corporation
RITES is currently trading at Rs. 247.25, up by 9.85 points or 4.15% from its previous closing of Rs. 237.40 on the BSE.
The scrip opened at Rs. 242.85 and has touched a high and low of Rs. 254.60 and Rs. 240.60 respectively. So far 612363 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 316.15 on 05-Jun-2025 and a 52 week low of Rs. 192.30 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 257.30 and Rs. 236.60 respectively. The current market cap of the company is Rs. 11894.94 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 12.18% and 15.62% respectively.
RITES has received Letter of Award (LoA) worth $3.6 million from Berhard Development Corporation, Zimbabwe. The order is for the supply of in-service cape gauge diesel electric locomotives. The order is to be executed within 3 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.
