RITES hits all-time high on healthy outlook; stock climbs 15% in 3 days

Shares of RITES hit a record high of Rs 346.15, as they rallied 6 per cent in Monday’s intra-day trade, in an otherwise weak market, on the back of heavy volumes and healthy outlook. The stock of state-owned engineering, designing & construction company traded higher for the third straight day, surging 15 per cent, during the period.

The stock surpassed its previous high of Rs 330.55, that it had touched on September 29, 2022. The average trading volumes on the counter doubled as around 1.3 million equity shares changed hands on the NSE and BSE. In comparison, the S&P