RITES is currently trading at Rs. 272.90, up by 1.40 points or 0.52% from its previous closing of Rs. 271.50 on the BSE.
The scrip opened at Rs. 271.80 and has touched a high and low of Rs. 274.10 and Rs. 271.80 respectively. So far 6375 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 331.00 on 29-Jan-2020 and a 52 week low of Rs. 191.00 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 274.85 and Rs. 265.15 respectively. The current market cap of the company is Rs. 6787.50 crore.
The promoters holding in the company stood at 72.02%, while Institutions and Non-Institutions held 17.17% and 10.82% respectively.
RITES has received approval from board of directors for acquiring 13% stake i.e. 1573 equity shares of Rs 10 each of Elicius Energy and signing of the agreement with it. The company is supporting the startup in development of tubular PEM Hydrogen Fuel Cell Stack of 500-1000 watt capacity and in order to guide the above developmental project.
The Board of Directors of RITES at their Meeting held on December 30, 2020, has approved the same.
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.
