RITES Shares Up 7% on Locomotive Deal

  Published 6 months ago

RITES Ltd shares surge 7% to ₹270 after winning South African locomotive contract, ending losses.

  • Engineering firm awarded $18 million deal with Talis Logistics, supplying and commissioning locomotives for South Africa.
  • Volume spikes 37.5 times the 30‑day average, 25.9 million shares traded by 11:40 IST today, making it the busiest.
  • Analysts rate RITES a buy, median target ₹281; stock up 1.4%, YTD loss 13.5% still.

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