RITES is trading at Rs. 293.40, up by 0.35 points or 0.12% from its previous close of Rs. 293.05 on the BSE.

The stock opened at Rs. 293.05, with highs and lows of Rs. 295.80 and Rs. 290.85, respectively. A total of 24,768 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 10, reached a 52-week high of Rs. 413.08 on February 27, 2024, and a 52-week low of Rs. 216.33 on October 26, 2023. In the past week, the scrip's high and low were Rs. 312.05 and Rs. 279.30, respectively. The company's market cap currently stands at Rs. 14,084.09 crore.

Promoters hold 72.20% of the company, while institutions and non-institutions own 12.83% and 14.97%, respectively.

RITES has signed a Memorandum of Agreement (MoA) with NMDC to provide comprehensive Project Management Consultancy services. This strategic collaboration focuses on developing, upgrading, and building rail connectivity for NMDC’s mines and related infrastructure at various sites.

Under this partnership, RITES will deliver end-to-end consultancy, covering reconnaissance surveys, feasibility studies, Detailed Project Reports (DPRs), and project management. The rail connectivity projects will also include associated civil works like roads, bridges, and infrastructure to support NMDC’s operations.

The collaboration showcases RITES’ expertise in complex railway infrastructure projects and NMDC’s commitment to improving operational efficiency through enhanced rail connectivity. RITES will play a crucial role in helping NMDC streamline the transport of raw materials and boost logistical capabilities.

RITES is a multidisciplinary consultancy firm specializing in transport, infrastructure, and related technologies, offering a wide range of services and focusing on technology transfer to its clients.