India's RITES jumps on order win

Rites

31/12/2025 04:31

** Shares of RITES rise 5.76% to 250.93 rupees

** Indian engineering and consultancy company received order for supply of locomotives from Zimbabwean co Berhard Development Corporation

** More than 3.8 mln shares change hands by 9:50 a.m. IST, 3x the 30-day avg volume

** Three out of 5 analysts rate the stock as "Buy" or "Strong buy", while 2 rate it as "Hold"; median PT is 284 rupees - data compiled by LSEG

** Stock down ~15% YTD up to last close

 (Reporting by Abhirami G in Bengaluru)

 ((abhirami.g@thomsonreuters.com))