Latest news with #RITESLtd
Time of India
23-07-2025
- Business
- Time of India
RITES and CMPDI ink strategic pact to explore mining and energy projects
RITES Ltd and Central Mine Planning & Design Institute Limited (CMPDI) on Wednesday signed a Memorandum of Understanding (MoU) to jointly pursue projects and consultancy assignments in India and abroad, with a particular focus on mining, renewable energy , and associated infrastructure development. RITES , a Navaratna company with its extensive international experience, market intelligence, and logistics infrastructure proficiency, will support CMPDI in securing mining projects, undertaking diverse consultancy assignments, and designing capacity-building programmes, the joint statement said. The partnership also extends to collaborating on consultancy assignments and jointly submitting proposals for both domestic and international mining and evacuation projects. By aligning with CMPDI, a Coal India subsidiary, RITES intends to bolster its positioning in the mining consultancy segment and broaden its footprint in renewable infrastructure, further enhancing its international project base spanning over 55 countries. Meanwhile, the Board of Directors of RITES is scheduled to meet on August 6, 2025, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025.
Indian Express
04-07-2025
- Business
- Indian Express
PSU railway stock receives order from African Rail Company; share price zooms 138% in 3 years
Railway Stock News: A PSU railway firm has received an order from African Rail Company for supply of 2 fully overhauled ALCO locomotives for deployment in Zimbabwe, Mozambique and Botswana. As per the exchange filing, the size of the contract is 3.6 million USD (CIF). The railway company aims to execute the contract/order within nine months. This railway company is none other than RITES Limited. Shares of RITES Limited closed in red today (Friday, July 4). The stock fell 0.65 per cent and closed at Rs 284 apiece. According to the NSE, this railway stock has a total market cap of Rs 13,649.15 crore. In an exchange filing, the company said, 'Supply and commissioning of the overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives fitted with new Cape Gauge Bogies, Traction Motors, Control System, Air braked, etc. overhauled at nominated facility and warranty support with the deputation of RITES technical team.' RITES Ltd is a component of the BSE 500. According to the BSE analytics (as of July 4), shares of RITES Limited gave a positive return of 1.75 per cent and 4.40 per cent in the last 1 week and 2 weeks, respectively. In the last 1 year, the railway stock fell 23.73 per cent. However, in the past 2 years, 3 years, and 5 years, shares of the company gained 55.05 per cent, 138.49 per cent, and 117.10 per cent, respectively. RITES Limited paid dividend of Rs 1.90 in January. Last year, the company paid dividends of Rs 4.75 in February, Rs 2.50 in August, Rs 5 in September, and Rs 1.75 in November. RITES Ltd issued bonuses in the ratio of 1:4 in 2019 and 1:1 in 2024 for the shareholders.
Economic Times
23-05-2025
- Business
- Economic Times
Stock Radar: RITES stock breaks out from Ascending Triangle pattern; time to buy?
RITES Ltd, part of the civil construction space, gave a breakout from an Ascending Triangle pattern on the daily charts which has opened room for the stock to head traders with a high-risk profile can look to buy the stock for a target of Rs 325 in the next 1-2 months, suggest stock hit a high of Rs 398 on July 8, 2024, but it failed to hold the momentum. It closed at Rs 277 on May 21, 2025 which translates into a
Economic Times
20-05-2025
- Business
- Economic Times
Railway stocks crack up to 6% amid broader market sell-off
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel After witnessing a sharp rally in the past few days, shares of railway companies witnessed profit booking today, falling as much as 6% on the BSE amid a broader market sell-off The shares of RITES Ltd registered the highest fall of 6.14%, going down to their day's low of Rs 277, while Titagarh Rail Systems shares fell 5.3% to a low of Rs 887.75. Jupiter Wagons followed closely with a decline of 4.55% to Rs 393.10, while Ircon tumbled 4.7% to Rs 188.00. RVNL shares recorded a 3.6% decrease, touching Rs 415.35, and IRFC fell 3.3% to reach Rs 136.75. Meanwhile, the shares of Texmaco Rail & Engineering also cracked 2.6% to Rs 155.75, whereas IRCTC registered a fall of 1.4%, hitting Rs stocks witnessed a breakout rally recently, which was buoyed by renewed optimism over resumed orders from the railways and a broader bullish sentiment in mid-cap and small-cap stocks."The run-up in railway stocks is part of sector rotation in the market, as currently we are seeing the outperformance in PSU stocks, which had been quite beaten down in the recent market correction," Sunny Agrawal, head of fundamental research at SBI Securities, had a railways PSU-based ETF gained around 16% in the past week, according to an analysis by ETMutualFunds. There are two passive funds focused on railway PSUs—one is an ETF and the other is an index Groww Nifty India Railways PSU ETF rose 16.41% during this period, while the Groww Nifty India Railways PSU Index Fund, which also tracks the railway sector, delivered a 16.35% after a sharp rise in these stocks, investors seem to have booked profit as the broader market sentiment turned on the negative side on Monday as the Nifty50 and Sensex slipped around 0.3% on Monday, dragged by losses in IT stocks after Moody's downgraded the US government's credit rating to 'AA1' from 'AAA', in early trade.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
20-05-2025
- Business
- Time of India
Railway stocks crack up to 6% amid broader market sell-off
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel After witnessing a sharp rally in the past few days, shares of railway companies witnessed profit booking today, falling as much as 6% on the BSE amid a broader market sell-off The shares of RITES Ltd registered the highest fall of 6.14%, going down to their day's low of Rs 277, while Titagarh Rail Systems shares fell 5.3% to a low of Rs 887.75. Jupiter Wagons followed closely with a decline of 4.55% to Rs 393.10, while Ircon tumbled 4.7% to Rs 188.00. RVNL shares recorded a 3.6% decrease, touching Rs 415.35, and IRFC fell 3.3% to reach Rs 136.75. Meanwhile, the shares of Texmaco Rail & Engineering also cracked 2.6% to Rs 155.75, whereas IRCTC registered a fall of 1.4%, hitting Rs stocks witnessed a breakout rally recently, which was buoyed by renewed optimism over resumed orders from the railways and a broader bullish sentiment in mid-cap and small-cap stocks."The run-up in railway stocks is part of sector rotation in the market, as currently we are seeing the outperformance in PSU stocks, which had been quite beaten down in the recent market correction," Sunny Agrawal, head of fundamental research at SBI Securities, had a railways PSU-based ETF gained around 16% in the past week, according to an analysis by ETMutualFunds. There are two passive funds focused on railway PSUs—one is an ETF and the other is an index Groww Nifty India Railways PSU ETF rose 16.41% during this period, while the Groww Nifty India Railways PSU Index Fund, which also tracks the railway sector, delivered a 16.35% after a sharp rise in these stocks, investors seem to have booked profit as the broader market sentiment turned on the negative side on Monday as the Nifty50 and Sensex slipped around 0.3% on Monday, dragged by losses in IT stocks after Moody's downgraded the US government's credit rating to 'AA1' from 'AAA', in early trade.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
