Shares of RITES rise sharply following reported wins of infrastructure and locomotive business. NDTV reports the company secures an infrastructure project worth about ₹175 crore, after which RITES shares jump, trading around ₹225.90 and moving ahead of benchmark performance as the Nifty 50 remains modestly higher. A separate NDTV report says RITES also secures an international locomotive order valued at $35.82 million, contributing to the positive reaction in the stock.
Business Standard adds that the rally is accompanied by a surge in trading activity. It reports an over 10-fold increase in average trading volumes on the RITES counter, with a combined 28.02 million shares traded, representing 5.8% of total equity shares changed hands on the NSE and BSE until 10:30 AM on Wednesday. Together, the reports point to multiple contract wins and heightened market interest driving the share price movement, without providing further details on contract timelines or terms in the excerpts.
