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RITES trades higher on the BSE

Rites is currently trading at Rs. 277.90, up by 1.90 points or 0.69% from its previous closing of Rs. 276.00 on the BSE.

The scrip opened at Rs. 276.10 and has touched a high and low of Rs. 283.05 and Rs. 271.10 respectively. So far 31850 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 326.55 on 17-Aug-2018 and a 52 week low of Rs. 190.00 on 02-Jul-2018.

Last one week high and low of the scrip stood at Rs. 288.25 and Rs. 271.10 respectively. The current market cap of the company is Rs. 5524.00 crore.

The promoters holding in the company stood at 87.40%, while Institutions and Non-Institutions held 5.44% and 7.16% respectively.

The East Coast Railway has entered into a joint Memorandum of Understanding (MoU) with RITES and Mahanadi Coal Fields (MCL) for installation of pre-fabricated toilets in circulating areas of 232 Railway Stations across Odisha.

The project will cover 172 Stations over East Coast Railway jurisdiction, 55 Stations over South Eastern Railway (SER) and 5 Stations over South East Central Railway (SECR) of Odisha.

RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.

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