India's RITES jumps after 279 mln-rupee order win

Rites

07/03/2025 04:27

** Shares of RITES Ltd RITS.NS rise as much as 5.7% to 225 rupees

** Engineering co gets order for final location survey for the high-speed elevated rail corridor between Hyderabad-Bengaluru and Hyderabad-Chennai from South Central Railway

** Adds, order size of 279.6 mln rupees ($3.2 mln)

** Stock on track to gain for fourth straight day

** More than 3.1 mln shares traded as of 9:51 a.m. IST, nearly twice their 30-day moving avg of over 1.6 mln shares

** Average rating on the stock is 'buy'; their median PT is 301 rupees - data compiled by LSEG

** RITS last up 4.1%, cutting YTD losses to 27%

($1 = 87.1630 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))