RITES Jumps on Strong Order Win – Stock Ends Higher

Shares of

surged up to 6.7% intraday on 9 April 2026 after the company secured a key project from National Aluminium Company. The order involves engineering and project management consultancy (PMC) services for constructing a railway siding at Sankerjang under Phase-I of the Utkal-D coal mines. The contract value has been significantly revised upward from ₹79.73 crore to ₹118.89 crore, reflecting improved project scope and revenue visibility. Despite some profit booking, the stock maintained positive momentum and closed the session with a 2.5% gain, indicating sustained investor confidence driven by strong order inflows and execution prospects. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.