RITES shares rise sharply on Wednesday after the company wins an infrastructure project worth Rs 175 crore. Trading in the stock accelerates alongside the news: NDTV reports the shares jump about 11% to Rs 225.90, moving ahead of broader market performance as the Nifty 50 trades modestly higher. Business Standard adds that the rally is accompanied by a major increase in activity. It reports that average trading volumes on the RITES counter jump more than 10-fold, with a combined 28.02 million shares changing hands by 10:30 AM, representing 5.8% of the total equity volume traded across NSE and BSE during that period.
Across the sources, the key developments are the infrastructure win and the resulting jump in the share price and trading volumes. The reports do not provide further details on the project’s location, scope, or timelines, and they focus primarily on market reaction during the morning session.
