 "RITES new logo")
Shares of RITES moved higher by 9 per cent to Rs 376.80 on the BSE in Thursday's intra-day trade after the company said it has secured a new business order for construction of depot-cum-workshop for Rs 499.41 crore from Bangalore Metro Rail Corporation Limited. The share of RITES in the order is 51 per cent.
The stock of the state-owned engineering, designing & construction company had hit a record high of Rs 379.90 on October 10. In the past one month, it has rallied 26 per cent, as compared to 5 per cent decline in the S&P BSE Sensex.
The stock of the state-owned engineering, designing & construction company had hit a record high of Rs 379.90 on October 10. In the past one month, it has rallied 26 per cent, as compared to 5 per cent decline in the S&P BSE Sensex.
