India's RITES rises on quarterly profit jump

Rites

11/11/2025 08:31

** Shares of RITES RITS.NS rise 3.2% to 250.9 rupees, marking biggest intraday percentage gain since September 9

** Engineering co posts about 32% y/y rise in September-quarter consol net profit; rev from ops rises 1.4% y/y

** RITS rated "Buy" by 5 analysts on average; median target price is 281 rupees – data compiled by LSEG

** Stock down 13.9% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))