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Vineet Saxena

10th Jun 2025 ยท SEBI-Registered Analyst

๐ŸŒ
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 Bankโ€“East Coast Road Project (Phase 2). With strong fundamentals, global exposure, and solid promoter backing, RITES is strengthening its global footprint. Key Highlights: โœ… Stock up by 2.03%, 1-week high: โ‚น316.15 โœ… LoA for road project in Guyana โ€“ $2.9M ๐Ÿ’ฐ โœ… 18-month supervision + 12-month defect liability period โœ… Promoter holding: 72.2% โœ… 52W range: โ‚น192.30 โ€“ โ‚น398.50 โœ… Market Cap: โ‚น14,526 Cr ๐Ÿ“ŒRITES is engineering growth, both at home and abroad.

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