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RITES gains on emerging L1 bidder for General Consultancy order

12 Feb 2021 Evaluate

Rites is currently trading at Rs. 243.00, up by 1.90 points or 0.79% from its previous closing of Rs. 241.10 on the BSE.

The scrip opened at Rs. 242.00 and has touched a high and low of Rs. 244.75 and Rs. 242.00 respectively. So far 4758 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 328.50 on 13-Feb-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. 265.00 and Rs. 240.60 respectively. The current market cap of the company is Rs. 5793.68 crore.

The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 17.26% and 10.54% respectively.

RITES has, in consortium, emerged as L-1 bidder for a General Consultancy order from Haryana Rail Infrastructure Development Corporation for their Haryana Orbital Rail Corridor (HORC) which is a new electrified Broad-Gauge double line (about 144 kms) from Palwal to Sonipat via Sohna, Manesar and Kharkhoda in the state of Haryana with speed potential of 160 kmph. Fee payable to the consortium will be about Rs 61 crore.

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.

Rites Share Price

220.05 1.30 (0.59%)
04-May-2026 16:59 View Price Chart
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