India's RITES extends gains on train locomotive repair deal

Rites

12/06/2024 07:38

** Shares of RITES  RITS.NS  up 1.2%, on track to extend
gains to fifth consecutive session
    ** Infrastructure consultancy firm signs memorandum of
understanding with Eastern Railway's Andal Diesel Shed
    ** Partnership for RITES-owned train locomotives to be
repaired at Andal facility, co says
    ** No financial details of the deal were disclosed
    ** Average rating of five analysts covering the stock is
"buy" with median PT 750 rupees - LSEG data
    ** YTD, RITS has risen ~36%

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))