RITES bags Rs 45.18 crore order; share price fall 3%

RITES

RITES share price fell nearly 3 percent in the opening trade on March 9 despite company secured a work order worth Rs 45.18 crore.

At 09:19am, RITES was quoting at Rs 200.66, down Rs 5.96, or 2.88 percent, on the NSE.

The Public Works (Roads) Directorate, Government of West Bengal has awarded RITES a contract to provide consultancy services as Project Management Consultant (PMC) for the construction of a proposed four-lane extra-dosed bridge over the Muriganga river.

The bridge will include approach roads connecting Kachuberia (Sagar Island) with Kakdwip in the South 24 Parganas district of West Bengal. The project is scheduled to be completed within 48 months.

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Separately, the company has also received revised estimates worth Rs 729.28 crore from South Western Railway for railway electrification work on the Mysuru–Hassan–Mangaluru section, including the Hassan–Arsikere line, on a cost-plus turnkey basis.

In the quarter ended December 2025 the company's standalone net profit rises marginally at Rs 95.51 crore, while revenue jumped 4.5% at Rs 569.18 crore, YoY.

In the previous trading session, the share closed at Rs 206.35, up Rs 4.55, or 2.25 percent.

The share touched a 52-week high of Rs 316.15 and a 52-week low of Rs 196.00 on 05 June, 2025 and 04 March, 2026, respectively.

Currently, the stock is trading 34.73 percent below its 52-week high and 5.28 percent above its 52-week low.

The market capitalisation of the company stands at Rs 9,917.26 crore.