RITES Ltd Share Price

Important pre-market news today!!

Important pre-market news today - 🔹 Flat Market Start Nifty 50, Sensex expected flat amid mixed global cues; recent recovery after 7-day losing streak. - 🏭 Key Stock Picks Analysts recommend Hindustan Zinc, DCB Bank, Glenmark Pharma, Dixon Tech, and Eternal for buying. - 🛢️ Oil Price Surge Crude hits near one-month highs on US sanctions threat to Iran, fueling energy sector volatility. - ⚡ Power & Infra Picks Axis Direct bullish on NTPC, JSW Energy; Axis Securities endorses Kalpataru, RITES, GR Infraprojects post-Q1. - 🪙 Bitcoin Rally & US Bonds Bitcoin rebounds above $70K amid US Treasury doubling bond buybacks; boosts risk sentiment.

Hindustan Copper Plans ₹7,000 Crore Investment to Expand Copper and Critical Mineral Operations

Hindustan Copper Ltd. (HCL) is planning a capital investment of more than ₹7,000 crore (US$736.84 million) over the next 5–6 years to expand its mining operations, strengthen copper production and explore opportunities in critical minerals. The planned investment will focus on exploration, reopening previously closed mines and increasing production capacity, supporting India’s efforts to strengthen domestic mineral security. Over the past three years, HCL has added 135.52 million tonnes of copper ore reserves and resources, taking its combined reserves and resources to 767.37 million tonnes. The company is also exploring new copper deposits in India and overseas while working to bring closed mines back into operation. HCL has entered into a technical cooperation agreement with Chile’s state-owned copper producer CODELCO covering mining, beneficiation, exploration, capacity building and knowledge sharing. In India, the company has signed MoUs with RITES, Indian Oil Corporation, Coal India, Oil India and GAIL to support mining expansion and mineral security. HCL holds all operating mining leases for copper ore in India and has access to around 45% of the country’s copper ore reserves and resources. As India’s only vertically integrated refined copper producer, HCL operates across the complete value chain, including mining, ore beneficiation, smelting, refining and copper rod extrusion. From a long-term perspective, rising copper demand from infrastructure, renewable energy, electric mobility and other clean-energy applications could support industry growth, while the scale and execution of HCL’s planned investments will remain key factors to monitor.

RITES Signs MoU with HPCL for Railway Siding Infrastructure Development

Indian Market Insights – 10 August 2026

Indian equity markets are expected to remain in a consolidation phase with a neutral bias on the daily charts, while healthy sector rotation continues to support the broader market structure. The overall trend remains constructive, and a buy-on-dips approach can be considered as long as key support levels are protected. On the technical front, Nifty has strong intraday support in the 24,400–24,420 zone. Holding this area can keep the index positive and support a move towards 24,700–24,750, which remains the key resistance zone. A sustained breakout above this range could improve momentum further. Bank Nifty has also remained range-bound over the past few sessions and is likely to continue consolidating in today’s trade. Key support is placed around 57,100–57,250, while immediate resistance is seen at 58,200–58,250, followed by 58,500. From the derivatives perspective, FIIs created fresh short positions during Friday’s session, so today’s closing price action will be important. Traders should closely monitor whether these shorts continue to build or start getting covered, as this could influence the next directional move. Key Cues for Today Positive: Strong U.S. jobs data could support global risk sentiment. Negative: Rising crude oil prices remain a concern, particularly for oil-importing economies like India, as higher crude can impact inflation and corporate margins. Stocks to Watch

Upcoming Dividends, Bonus Issues This Week: !Jio Financial, !RITES, !HPCL, !Godfrey Phillips and Others in Focus

Upcoming Dividends, Bonus Issues This Week:

• Management reiterated its full fiscal year guidance for substantial year-over-year growth, emphasizing the need for sequential execution improvement after Q1 FY27 saw 9-10% revenue growth and 8% bottom-line growth. • For the current fiscal year, management expects export revenue to be at least INR300 crores, with the current RITES Videsh order book (INR2,100 crore as of June 30) aiming to account for roughly 15% of total revenue. • The 200 coaches for Bangladesh will not be completed this fiscal year, with completion expected by early Q2 or Q3 of the next FY, while Mozambique locomotive deliveries might begin by the end of this FY, with more clarity by end of Q2. • The company is on track to achieve an INR10,000 crore order book, despite heavy execution, and aims to maintain consolidated EBITDA margins above 20% and PAT margins above 15% annually. • Employee costs are expected to increase by 8% to 10% in FY28, primarily due to an impending pay revision, while the proportion of turnkey projects in the order book is not expected to exceed 50% over time.