India's RITES jumps on securing new orders

Rites

02/07/2025 07:18

** Shares of state-run engineering and consulting co RITES RITS.NS surge 6.1% to 295.85 rupees; set for best day in nearly seven weeks

** Stock top percentage gainer on Nifty 500 index .NIFTY500 and small-cap index .NIFSMCP100, down 0.21% and 0.43%, respectively

** Co bagged purchase order worth $3.6 million from African Rail Company for supply and commissioning of locomotive parts

** Its JV got order from South Western Railway for re-development, engineering, construction of a railway station in Karnataka state; RITS' share from agreement at 378.1 million rupees

** Stock eyes busiest trading session since mid-May, volumes at 7.8x the 30-day avg

** RITS up 1.4% so far in 2025

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))