Indian engineering firm RITES jumps after order win

Rites

26/09/2025 07:21

** Shares of RITES Ltd RITS.NS rise as much as 7% to 270 rupees

** Engineering co gets letter of award from South Africa's Talis Logistics for supply and commission of locomotives for $18 mln

** Stock on track to snap 4 sessions of losses

** More than 25.9 mln shares traded as of 11:40 a.m. IST, 37.5x their 30-day moving avg; busiest day yet since July 2

** Mean rating of stock is "buy"; their median PT is 281 rupees - data compiled by LSEG

** RITS last up 1.4%, trimming YTD losses to 13.5%

 (Reporting by Meenakshi Maidas in Bengaluru)

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