The Central Pivot by Vineet Saxena (SEBI RA) ยท 10th Jun 2025
๐
RITES
Secures Global Track โ Stock Gains Steam!
RITES
is back in momentum! Trading at 300, the stock saw a solid 2.03% jump today, fueled by a fresh international contract. The company has received a Letter of Acceptance worth $2.9 million from the Ministry of Public Works, Guyana for construction supervision of the East BankโEast Coast Road Project (Phase 2). With strong fundamentals, global exposure, and solid promoter backing, RITES is strengthening its global footprint.
Key Highlights:
โ Stock up by 2.03%, 1-week high: โน316.15
โ LoA for road project in Guyana โ $2.9M ๐ฐ
โ 18-month supervision + 12-month defect liability period
โ Promoter holding: 72.2%
โ 52W range: โน192.30 โ โน398.50
โ Market Cap: โน14,526 Cr
๐RITES is engineering growth, both at home and abroad.