RITES stock surges over 4% post securing new order worth Rs361 crore

29 Aug 2022 , 10:46 AM

RITES Limited stocks rally in the market on Monday’s trading session after it has secured a new business order with JV Partner.

As per the filing, the work order is for redevelopment of Kollam Railway Station for Rs361.18 crore from Southern Railway, Ernakulam, Kerala.

The share of RITES Limited in the order is 51%, the company informed.

At around 10:48 AM, Rites Ltd is currently trading at Rs302 per share up by Rs12.35 or 4.26% from its previous closing of Rs289.65 per share on the BSE.

The scrip opened at Rs290.40 per equity share and has touched a high and low of Rs302 and Rs290.40 respectively so far today. The current market cap of the company is Rs6,960.34 crore.

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