India's Rites gains on 1.48 bln-rupee order win

Rites

06/12/2024 04:03

** RITES  RITS.NS  rises 4% to 298 rupees; set to extend
gains to third straight week
    ** Engineering co says it has been appointed as the project
management consultant for phase II Campus of Indian Institute of
Management Raipur (Chhattisgarh) project
    ** Order valued at 1.48 bln rupees ($17.5 mln)
    ** RITS rated "buy" on avg; median PT is 326 rupees - LSEG
    ** Stock up ~18 YTD 

($1 = 84.6575 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))