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RITES Ltd., a premier transport infrastructure consultancy, today signed a Memorandum of Understanding (MoU) with the National Institute of Solar Energy (NISE), an apex R&D institute under the Ministry of New and Renewable Energy (MNRE), to collaborate for Quality Assurance (QA) services for solar and renewable energy projects. The strategic partnership will leverage RITES’ extensive expertise in assuring quality, along with NISE’s leadership in solar energy research and te...
RITES signs MoU with NISE for assuring quality in Green Energy
RITES Ltd. (NSE: RITES, BSE: 541556), the leading Transport Infrastructure Consultancy and Engineering firm, today announced its standalone and consolidated financial results for the Quarter ended on September 30th, 2024. The Takeaways * Sequential standalone revenue up by 16.5%, from Rs.475 crore to Rs.554 crore * Rs.6581 crore Order Book; Secured 90+ orders worth Rs.729 crore in Q2, maintaining ‘one order a day’ trend * Second interim dividend of Rs.1.75 p...
RITES Q2FY25 Revenue Rs. 562 cr; PAT Rs. 83 cr Declares 2nd Interim Dividend of Rs. 1.75/share
Rites is currently trading at Rs. 302.00, up by 7.60 points or 2.58% from its previous closing of Rs. 294.40 on the BSE. The scrip opened at Rs. 295.00 and has touched a high and low of Rs. 302.95 and Rs. 292.95 respectively. So far 13251 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. 217.68 on 10-Nov-2023. Last one week high and low of the scrip stood at Rs. 302....
RITES shines on signing MoU with SAIL-Bokaro Steel Plant
Rites is currently trading at Rs. 287.95, up by 2.30 points or 0.81% from its previous closing of Rs. 285.65 on the BSE. The scrip opened at Rs. 284.35 and has touched a high and low of Rs. 289.00 and Rs. 282.05 respectively. So far 39702 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. 217.68 on 10-Nov-2023. Last one week high and low of the scrip stood at Rs. 298....
RITES rises on receiving LoA worth Rs 59.13 crore
Rites is currently trading at Rs. 293.40, up by 0.35 points or 0.12% from its previous closing of Rs. 293.05 on the BSE. The scrip opened at Rs. 293.05 and has touched a high and low of Rs. 295.80 and Rs. 290.85 respectively. So far 24768 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. 216.33 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs. 312....
RITES inches up on entering into MoA with NMDC for rail connectivity works
RITES Ltd., a leading transport infrastructure consultancy, has launched a pan-office cleanliness initiative as part of the Special Campaign 4.0 under Swachhata Hi Seva (SHS)-2024. The campaign aims at promoting cleanliness through awareness drives across multiple platforms, actively involving both employees and the wider public. The campaign is being executed in two phases. In the Phase-I, RITES led 53 outdoor cleanliness drives across cities, alongside 25 indoor drives in its offices. Th...
RITES marks `Swachhata Hi Seva` campaign
RITES is currently trading at Rs. 304.80, up by 2.00 points or 0.66% from its previous closing of Rs. 302.80 on the BSE. The scrip opened at Rs. 305.05 and has touched a high and low of Rs. 312.05 and Rs. 302.25 respectively. So far 20618 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. 216.33 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs. 318....
RITES gains on receiving order from Andhra Pradesh Power Generation Corporation
RITES Ltd., a prime transport infrastructure consultancy, today signed a Memorandum of Understanding (MoU) with Etihad Rail,the developer and operator of the UAE National RailNetwork, to explore cooperation and synergise strengths in developing railways and related infrastructure services in the UAE and wider region. The MoU was signed by Mr. Shadi Malak, CEO of Etihad Rail, and Mr. Rahul Mithal, Chairman and Managing Director of RITES Ltd.,during the Global Rail TransportInfrastructure Ex...
RITES & Etihad Rail sign MoU for rail infra works in UAE
Rites is currently trading at Rs. 296.20, up by 0.45 points or 0.15% from its previous closing of Rs. 295.75 on the BSE. The scrip opened at Rs. 295.85 and has touched a high and low of Rs. 299.25 and Rs. 292.30 respectively. So far 37104 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. 216.33 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs. 333....
RITES inches up on receiving LOA from Ntokoto Rail Holdings
RITES Ltd., a prime transport infrastructure consultancy, today signed a Memorandum of Understanding (MoU) with NBCC (India) Ltd., a CPSE under the Ministry of Housing Development, to explore and undertake a comprehensive range of consultancy, fee-based projects, and EPC contracts from concept to commissioning. The partnership entails working synergy among the entities for various sectors and new-age projects in the sphere of urban energy, water management, urban transport & infrastruc...
RITES ties up with NBCC for Consultancy works
Rites is currently trading at Rs. 656.85, up by 7.65 points or 1.18% from its previous closing of Rs. 649.20 on the BSE. The scrip opened at Rs. 656.65 and has touched a high and low of Rs. 666.35 and Rs. 655.25 respectively. So far 34444 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. 432.65 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs. 667....
RITES rises on emerging as lowest bidder in tender floated by Tanzania Railways Corporation
Rites is currently trading at Rs. 698.90, up by 11.15 points or 1.62% from its previous closing of Rs. 687.75 on the BSE. The scrip opened at Rs. 690.15 and has touched a high and low of Rs. 705.65 and Rs. 690.15 respectively. So far 39702 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. 432.65 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs. 767...
RITES soars on signing MoU with HUDCO
Rites is currently trading at Rs. 767.15, up by 8.30 points or 1.09% from its previous closing of Rs. 758.85 on the BSE. The scrip opened at Rs. 762.35 and has touched a high and low of Rs. 769.60 and Rs. 753.35 respectively. So far 31870 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. 432.65 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs. 771....
RITES rises on signing MoU with NHAI
RITES Ltd., a prime transport infrastructure consultancy, today signed an MoU with Damodar Valley Corporation (DVC), a statutory body under the Ministry of Power, to collaborate for the comprehensive maintenance and operational management of railway sidings, signalling and telecommunication (S&T) systems, and 25KV Overhead Electrification (OHE) isolators across DVC’s private railway network in West Bengal and Jharkhand. The maintenance work entrusted to RITES will include the AMC...
RITES, DVC collaborate for innovation in rail infra works
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. 6...
RITES shines on signing MoU with Delhi Metro Rail Corporation
Rites is currently trading at Rs. 686.20, up by 11.45 points or 1.70% from its previous closing of Rs. 674.75 on the BSE. The scrip opened at Rs. 683.90 and has touched a high and low of Rs. 697.00 and Rs. 677.70 respectively. So far 28769 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...
RITES jumps on inking MoU with Andal Diesel Shed
PSU stocks were making strong gains on Thursday with the sectoral index up by 1.7 per cent. Among the PSU stocks, MOIL is up more than 8 per cent, PFC is up more than 6 per cent, BHEL is up more than 4 per cent, BPCL is up more than 4 per cent, and RITES is up more than 3 per cent. Powergrid is the top Sensex gainer, up by 4 per cent. REC is up more than 8 per cent, and HPCL is up more than 7 per cent. Infrastructure stocks are also gaining with the index up by 1.6 per cent. CE...
PSU stocks among top gainers in trade
RITES Limited, a leading engineering consultancy firm in India, celebrated its milestone 50th anniversary on Friday. The month-long Foundation Day celebrations, ‘Marking The Gold’, that were carried across worksites culminated with a cultural evening at Shikhar, RITES’ Corporate Office, Gurugram. On the occasion, Chairman & Management Director Mr. Rahul Mithal launched RITES’ coffee table book – Atulya, a compilation tracing the organisation’s i...
Marking The Gold : RITES completes glorious 50 years
Rites is currently trading at Rs. 701.65, up by 14.90 points or 2.17% from its previous closing of Rs. 686.75 on the BSE. The scrip opened at Rs. 704.00 and has touched a high and low of Rs. 713.30 and Rs. 700.05 respectively. So far 82113 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. 713...
RITES surges on receiving letter of acceptance from Bangladesh Railway
Rites is currently trading at Rs. 684.05, up by 9.80 points or 1.45% from its previous closing of Rs. 674.25 on the BSE. The scrip opened at Rs. 679.55 and has touched a high and low of Rs. 691.20 and Rs. 676.00 respectively. So far 24157 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 04-Jul-2023. Last one week high and low of the scrip stood at Rs. 691....
RITES surges on signing MoU with DVC for rail infra works
Rites is currently trading at Rs. 706.75, up by 6.55 points or 0.94% from its previous closing of Rs. 700.20 on the BSE. The scrip opened at Rs. 709.95 and has touched a high and low of Rs. 711.20 and Rs. 704.00 respectively. So far 5482 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. 340.10 on 17-Apr-2023. Last one week high and low of the scrip stood at Rs. 724.0...
RITES gains on inking MoU with IIT-Madras
Rites is currently trading at Rs. 742.95, up by 38.10 points or 5.41% from its previous closing of Rs. 704.85 on the BSE. The scrip opened at Rs. 698.80 and has touched a high and low of Rs. 752.00 and Rs. 683.20 respectively. So far 319000 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 821.30 on 08-Feb-2024 and a 52 week low of Rs. 311.60 on 22-Feb-2023. Last one week high and low of the scrip stood at Rs. 82...
RITES zooms on signing MoU with AD Ports Group
Improved prospects; margin to remain soft Q3 revenue flat YoY on exports decline RITES (RITE IN) revenue rose 1% YoY to INR 6.8bn in Q3FY24, in line with our estimates. Consultancy revenue grew 6% YoY to INR 3.3bn as project consultancy, up 21%, offset the fall in the inspection business, down 25%. Exports consultancy was down 53% while domestic consultancy was up 14%. Turnkey revenue rose 9% YoY to INR 2.6bn, leasing was up 3% to INR 365mn, and power generation up 39% to INR 31mn. Expo...
Sell RITES Ltd For Target Rs. 515 - Elara Capital
Rites is currently trading at Rs. 507.05, up by 20.10 points or 4.13% from its previous closing of Rs. 486.95 on the BSE. The scrip opened at Rs. 493.80 and has touched a high and low of Rs. 508.30 and Rs. 489.40 respectively. So far 5750 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 583.45 on 11-Sep-2023 and a 52 week low of Rs. 305.75 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs. 524....
RITES soars on signing MoU with NEEPCO
Rites is currently trading at Rs. 481.75, up by 5.20 points or 1.09% from its previous closing of Rs. 476.55 on the BSE. The scrip opened at Rs. 479.00 and has touched a high and low of Rs. 484.35 and Rs. 478.15 respectively. So far 2049 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 583.45 on 11-Sep-2023 and a 52 week low of Rs. 305.75 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs. 488.9...
RITES rises on entering into MoU with MIDC to develop Multi-Modal Logistics projects in Meghalaya
Rites is currently trading at Rs. 447.85, down by 4.25 points or 0.94% from its previous closing of Rs. 452.10 on the BSE. The scrip opened at Rs. 442.50 and has touched a high and low of Rs. 457.30 and Rs. 442.50 respectively. So far 19270 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 583.45 on 11-Sep-2023 and a 52 week low of Rs. 305.75 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs. 47...
Rites trades lower on reporting 21% fall in Q2 consolidated net profit
RITES is currently trading at Rs. 492.90, up by 19.45 points or 4.11% from its previous closing of Rs. 473.45 on the BSE.The scrip opened at Rs. 489.95 and has touched a high and low of Rs. 497.65 and Rs. 479.90 respectively. So far 137856 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 583.45 on 11-Sep-2023 and a 52 week low of Rs. 305.75 on 26-Dec-2022.Last one week high and low of the scrip stood at Rs. 499.00 and Rs. 467.50 ...
RITES zooms on getting Navratna status from Ministry of Railways
Rites is currently trading at Rs. 492.70, up by 0.70 points or 0.14% from its previous closing of Rs. 492.00 on the BSE.The scrip opened at Rs. 492.05 and has touched a high and low of Rs. 494.55 and Rs. 490.05 respectively. So far 6157 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 583.45 on 11-Sep-2023 and a 52 week low of Rs. 305.75 on 26-Dec-2022.Last one week high and low of the scrip stood at Rs. 509.50 and Rs. 485.00 res...
RITES inches up on signing MoU with CARE Advisory Research and Training
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