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06-12-2024 10:23 AM | Source: Accord Fintech
RITES soars on securing order worth Rs 148.25 crore

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Rites is currently trading at Rs. 298.00, up by 10.00 points or 3.47% from its previous closing of Rs. 287.40 on the BSE.

The scrip opened at Rs. 293.90 and has touched a high and low of Rs. 299.00 and Rs. 293.15 respectively. So far 18053 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. 299.95 and Rs. 280.30 respectively. The current market cap of the company is Rs. 13841.39 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 order worth Rs 148.25 crore excluding GST (including PMC Fee) from Indian Institute of Management Raipur (IIM Raipur) for Execution, Supervision, Monitoring & Development of Phase II Campus of Indian Institute of Management Raipur (Chhattisgarh) project on cost plus basis. The company has been appointed as Project Management Consultant (PMC) for said project. The said order is to be executed in 23 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.