India's RITES jumps on deal with Etihad Rail

Rites

09/10/2024 05:10

** Shares of RITES Ltd  RITS.NS  rise as much as 7.5% to 323
rupees
    ** Engineering co says, it signed a memorandum of
understanding (MoU) with Etihad Rail for rail infra works in UAE
    ** Stock on track to gain for second day after six days of
losses
    ** More than 2.8 mln shares traded as of 9:33 a.m. IST, vs
their 30-day moving avg of over 3 mln shares
    ** Mean rating of 5 brokerages covering the stock is 'hold';
their median PT is 353.50 rupees - LSEG data
    ** RITS up 28.4% YTD 

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))