01 Apr 2025

RITES Stock Gains 3% Amid New Railway Project Award

RITES is currently trading at RS 230.15, up by 6.70 points or 3.00% from its previous closing of RS 223.45 on the BSE.

The stock opened at RS 225.05 and recorded a high of RS 231.70 and a low of RS 224.95. So far, 53,137 shares have been traded on the counter.

The BSE Group 'A' stock, with a face value of RS 10, reached 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. The last week's high and low were RS 259.00 and RS 222.25, respectively. The company's market capitalization stands at RS 11,053.89 crore.

Promoters hold 72.20% of the company, while institutions and non-institutions hold 12.17% and 15.63%, respectively.

RITES has received a Letter of Award (LoA) from Numaligarh Refinery for railway sidings at NRL Panchgram Terminal, 3rd Railway Spur at Rangapani (SMT), and Duliajan (Crude Oil TW Loading Railway Siding) of OIL on a turnkey, cost-plus mode. The project, valued at RS 155.50 crore (excluding GST), including PMC/Consultancy fees, is to be completed within 24 months.

RITES is a multi-disciplinary consultancy firm specializing in transport, infrastructure, and related technologies, offering a range of services and focusing on technology transfer to client organizations.