India's RITES climbs on MoU with Delhi Metro Rail Corp

Rites

14/06/2024 06:52

** Shares of engineering and consultancy co RITES  RITS.NS 
up 4% to 706.5 rupees
    ** Stock among top pct gainers on Nifty Small Cap 100 index
 .NIFSMCP100  which is up 0.7%
    ** Co signs MoU with Delhi Metro Rail Corporation for
exploring consultancy, operations and management of metro rail
systems in India and abroad
    ** Trading activity third-highest in nearly three months
with over 3.7 mln shares traded
    ** Avg rating of 5 analysts covering the stock is "buy;"
their median PT is 750 rupees - LSEG
    ** Stock up 41% YTD, vs a 19% jump in Nifty Small Cap 100
index

($1 = 83.5350 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))