Rites Share Price Jumps After Order Wins

RITES Share Price Finds Its Spark, Breaks Out Of Consolidation. What Next?

RITES Ltd share price was back in the spotlight on Wednesday, with its share price surging over 7% to around ₹296. Investors are cheering after the company bagged two significant orders—one international and the other domestic. The resulting sentiment has sent a clear signal that business momentum is gaining steam. The upbeat momentum is a result of positive catalysts on both international and domestic fronts. First, there’s the African locomoti…

Rites Share Price Jumps After Order Wins

Rites Ltd. saw its share price surge 7.4% on Wednesday following the announcement of order wins after market hours on Tuesday.Rites-Aryan JV, a joint venture involving Rites, received a Letter of Acceptance from South Western Railway for the redevelopment of Tumakuru Station. The project, which includes civil works, signal and telecommunication works, and electrical general services, is valued at Rs 37.81 crore. The contract is set to be execute…