RITES is currently trading at Rs. 254.25, up by 6.30 points or 2.54% from its previous closing of Rs. 247.95 on the BSE.
The scrip opened at Rs. 257.50 and has touched a high and low of Rs. 261.40 and Rs. 252.90 respectively. So far 66097 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. 262.70 and Rs. 246.20 respectively. The current market cap of the company is Rs. 5085.00 crore.
The promoters holding in the company stood at 87.40%, while Institutions and Non-Institutions held 5.12% and 7.48% respectively.
RITES has secured additional contract value of Rs 436 crore. The company has been executing a project of Indian Railways for setting up of wagon workshop at Dalmianagar for which the initial contract cost was Rs 89 crore.
The enhanced scope and revision in estimates has resulted in additional contract value of Rs 436 crore. The work is scheduled to be started in the last quarter of this financial year. This project is a turnkey work being done on fixed fee basis by RITES.
RITES, an ISO 9001:2008 company, 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.
