RITES surges on receiving LoA worth Rs 372.68 crore
RITES is currently trading at Rs. 251.05, up by 3.20 points or 1.29% from its previous closing of Rs. 247.85 on the BSE.
The scrip opened at Rs. 253.95 and has touched a high and low of Rs. 255.80 and Rs. 250.30 respectively. So far 44718 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. 255.80 and Rs. 244.20 respectively. The current market cap of the company is Rs. 12051.14 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) from National Institute of Mental Health & Neuro Sciences for PMC for the construction of New Outpatient Department (OPD) building at NIMHANS Bangalore campus to be undertaken on turnkey basis. Broad consideration or size of the order(s)/ contract(s) is Rs 372.68 crore exclusive of GST (including PMC Fee). The said order is expected to be completed in 36 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.
