India's RITES jumps with heavy volume as NALCO hikes order value

Rites

09/04/2026 07:50

April 9 (Reuters) - ** Shares of engineering firm RITES RITS.NS jump nearly 3.5% to 207.27 rupees, its highest level in a month

** National Aluminium Company (NALCO) amends LoA that RITES won on March 31, 2021, raises railway siding project's order value to about 1.2 bln rupees ($12.94 mln) from 797.3 mln rupees

** Trading volume at 4.21 mln shares, almost 6x 30-day average volume

** RITS rated "strong buy" on average by four analysts, median PT at 284 rupees - data compiled by LSEG

** YTD, stock down about 14.5%

($1 = 92.7100 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))