🚆 RITES Surges 10% Intraday After Major South Africa Export Win!

shares remained in focus on 7 July after the stock opened positively and rallied nearly 10% before 12:30 PM. The sharp move followed the company's announcement of a $35.82 million (around ₹307 crore) export order from Volantis Asset Finance (Pty) Ltd, South Africa. The contract involves the supply and commissioning of 4,000 HP Cape Gauge diesel-electric locomotives, further strengthening RITES' position in the global railway export market. The order underscores the company's growing international footprint and engineering capabilities. Market participants view the development positively as it enhances order book strength, improves revenue visibility, and supports long-term growth 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.