RITES secures order worth Rs364.56 crore from from Container Corporation of India; Stock gains 1%

17 Jun 2022 , 09:47 AM

RITES stock rally during Friday’s morning trade after securing order of Rs364.56 crore on Thursday.

As per the regulatory filing, the company has secured a business for operation and maintenance of 20 shunting locomotives for the period of 10 years from Container Corporation of India Limited for Rs364.56 crore.

At around 9:47 AM on Friday, Rites was trading at Rs236.40 per share up by Rs3.15 or 1.35% from its previous closing of Rs233.25 per share on the BSE.

The scrip opened at Rs236.50 and has touched a high and low of Rs238.05 and Rs234.20 respectively.