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17-Jan2019

RITES surges on the BSE

RITES is currently trading at Rs. 264.35, up by 3.95 points or 1.52% from its previous closing of Rs. 260.40 on the BSE.

The scrip opened at Rs. 263.90 and has touched a high and low of Rs. 265.00 and Rs. 259.85 respectively. So far 8308 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. 273.60 and Rs. 258.10 respectively. The current market cap of the company is Rs. 5214.00 crore.

The promoters holding in the company stood at 87.40%, while Institutions and Non-Institutions held 6.45% and 6.15% respectively.

Rating agency, Infomerics Valuation has assigned 'A1+' rating to RITES' Short Term non-fund Bank Facilities upto an amount of Rs 850 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.


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