RITES shines on receiving LoA worth Rs 27.96 crore

07 Mar 2025 Evaluate

Rites is currently trading at Rs. 221.40, up by 8.60 points or 4.04% from its previous closing of Rs. 212.80 on the BSE.

The scrip opened at Rs. 216.35 and has touched a high and low of Rs. 224.80 and Rs. 214.00 respectively. So far 183499 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 398.50 on 08-Jul-2024 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. 224.80 and Rs. 192.30 respectively. The current market cap of the company is Rs. 10638.16 crore.

The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 12.17% and 15.63% respectively.

RITES has received Letter of Acceptance (LoA) from South Central Railway for carrying out final location survey involving preparation of DPR, final alignment design, traffic survey report, ROR calculations, detailed estimate and preparation of EPC documents for high-speed elevated rail corridor between Hyderabad - Bengaluru and Hyderabad - Chennai using modern survey techniques for example Airborne or Terrestrial LIDAR. Broad consideration of contract is Rs 27.96 crore excluding GST. The contract is to be executed within 8 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.

Rites Share Price

232.40 1.45 (0.63%)
28-Mar-2025 10:14 View Price Chart
Peers
Company Name CMP
Engineers India 160.50
Rites 232.40
Pitti Engineering 1045.45
Kennametal India 2197.15
MTAR Technologies 1336.25
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