India's RITES rises after order win

Rites

25/06/2025 10:08

** Shares of RITES Ltd RITS.NS gain as much as 2.8% to 283.65 rupees
** Engineering co gets letter of intent from Gujarat Urban Development Company for 285 mln rupees ($3.3 mln)
** LoI for appointing a third-party agency to inspect and monitor certain urban infrastructure projects
** Stock on track to gain for 4th straight day
** Mean rating of stock is 'buy'; median PT is 283 rupees - data compiled by LSEG
** RITS last up 1.1%, cutting YTD losses to 5.4%

($1 = 85.9990 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))