RITES surges on receiving order from Government of the Co-operative Republic of Guyana
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Rites is currently trading at Rs. 295.35, up by 3.60 points or 1.23% from its previous closing of Rs. 291.75 on the BSE.
The scrip opened at Rs. 296.35 and has touched a high and low of Rs. 301.10 and Rs. 289.20 respectively. So far 350678 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. 246.73 on 02-Jan-2024.
Last one week high and low of the scrip stood at Rs. 302.80 and Rs. 265.70 respectively. The current market cap of the company is Rs. 14216.26 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 received notification of Intention to Award from Ministry of Public Works, Government of the Co-operative Republic of Guyana for provision of Engineering Services for Design- Build-Finance: Upgrading of the Palmyra to Moleson Creek Highway- Lot 1-3. Broad consideration or size of the order(s)/ contract(s) is $9,713,470 excluding taxes.
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.
