RITES shares are trading at Rs. 287.95, up by 2.30 points (0.81%) from its previous close of Rs. 285.65 on the BSE. Opening at Rs. 284.35, the stock has fluctuated between a high of Rs. 289.00 and a low of Rs. 282.05, with 39,702 shares changing hands so far.

A 'Group A' stock with a face value of Rs. 10, RITES touched its 52-week high of Rs. 413.08 on February 27, 2024, and its low of Rs. 217.68 on November 10, 2023. In the past week, the stock’s high and low were Rs. 298.60 and Rs. 271.45, respectively. RITES’ market cap stands at Rs. 13,838.99 crore.

Promoters hold 72.20% of the company’s shares, with institutional and non-institutional holdings at 12.83% and 14.97%, respectively.

On October 28, 2024, RITES secured a Letter of Acceptance (LoA) from the U.P. State Bridge Corporation for consultancy on construction supervision of bridges, rail overpasses, underpasses, flyovers, and elevated roads in various districts of Uttar Pradesh. The contract, valued at Rs. 59.13 crore (excluding GST), is set for completion in 36 months.

RITES is a multi-disciplinary consultancy firm specializing in transportation, infrastructure, and technology solutions, providing an extensive range of services under one roof and promoting technology transfer to client organizations.