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Raymond Moses: Unleashing the Financial Potential of Billions!
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. 312.05 and Rs. 279.30 respectively. The current market cap of the company is Rs. 14084.09 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 entered into a Memorandum of Agreement (MoA) with NMDC to provide comprehensive Project Management Consultancy services. This MoA marks a strategic collaboration aimed at developing, upgrading, and creating rail connectivity for NMDC’s mines and related facilities across locations.
Through this partnership, RITES will offer end-to-end Consultancy services from concept to commissioning, focusing on the reconnaissance survey, feasibility study, Detailed Project Report (DPR), and project management for rail connectivity projects. This includes allied civil works such as roads, bridges, and other infrastructure necessary for efficient transportation and logistics in NMDC’s operational areas.
The collaboration emphasizes RITES’ capabilities in handling complex railway infrastructure projects and NMDC’s commitment to enhancing operational efficiencies through modern rail connectivity. With expertise in railway engineering and project management, RITES will assist NMDC in executing these critical projects to streamline the transport of raw material and improve logistical capabilities.
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.
| Company Name | CMP |
|---|---|
| Engineers India | 196.25 |
| Rites | 302.40 |
| Pitti Engineering | 1309.20 |
| Kennametal India | 3014.15 |
| MTAR Technologies | 1676.15 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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