India's RITES jumps on order win

Rites

23/12/2025 04:08

** Shares of RITES Ltd rise 1.7% to 236.3 rupees

** Indian engineering and consulting company receives order worth $35.2 mln from South Africa-based Ndalama Capital to supply locomotives

** 3 of 5 analysts rate stock at "buy" or "strong buy" while 2 rate it at "hold"; median PT is 284 rupees - LSEG data

** Stock down 18.9% YTD

 (Reporting by Abhirami G in Bengaluru)

 ((abhirami.g@thomsonreuters.com))