RITES Stock Price Up By More Than 3% After Company Gets Rs 28.5 Crore Order
By Shishta Dutta | Published at: Jun 5, 2025 02:35 PM IST
Shares of RITES Ltd surged 4.8% in early trade on Wednesday after the company emerged as the lowest bidder (L-1) for a ₹28.5 crore infrastructure project floated by the Gujarat Urban Development Company Limited (GUDC).
Key Tender Details
The tender is for the “Appointment of TPI agency for WSS/UGD/STP projects under Amrut 2.0/SJMMSVY under GUDC for ULBs of Gujarat”. RITES secured the L-1 position in the financial bid under the QCBS process. The contract will be executed over 60 months from the issuance of the LOA/NTP, subject to final scrutiny and evaluation by GUDC.
Market Reaction
On Thursday, June 5, 2025, shares of RITES Ltd are trading with a 3.15% gain. On Wednesday, RITES shares opened at ₹299.40, touched a high of ₹316.00, and closed at ₹309.70, a ₹14.15 or 4.79% gain over the previous day’s close of ₹295.55. The trading session recorded a volume of 51.82 lakh shares and a turnover of ₹160.37 crore.
| Stock Metrics | Value |
|---|---|
| Last Traded Price | ₹309.70 |
| Intraday High / Low | ₹316.00 / ₹298.00 |
| Market Capitalization | ₹14,884.30 crore |
| 52-Week High / Low | ₹398.45 / ₹192.40 |
| P/E Ratio | 34.43 |
Rites Stock Performance Highlights
RITES Ltd shares have gained 0.35% in the last year, 3.25% year-to-date, and 33% in the previous month.
RITES Q4 FY25 Highlights (YoY)
- Net Profit: Up 5% to ₹132.71 crore
- Revenue: Down 4% to ₹615 crore due to lower QA, turnkey, and exports
- Consultancy Revenue: Up to ₹362 crore from ₹335 crore
- Turnkey Revenue: Fell to ₹202 crore from ₹259 crore
- EBITDA: Up 6.2% to ₹189 crore; margin at 30.8%
- Order Book: Record ₹8,877 crore; ₹1,418 crore in Q4 order
About RITES Ltd
RITES Ltd, a Mini-Ratna PSU under the Ministry of Railways, offers transport infrastructure consultancy and project execution services across sectors. The company, listed since July 2018, has expanded its reach in turnkey and export-driven contracts.
REF: https://nsearchives.nseindia.com/corporate/RITES_03062025090118_Intimation.pdf
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