Rs 7,978 Crore Order Book: Railway Civil Construction Stock Jumps 17.6 Per Cent with 22 Times Spurt in Volume on May 16

The stock is up by 51.8 per cent from its 52-week low of Rs 192.30 per share.

On Friday, shares of RITES Limited jumped 17.6 per cent to Rs 291.90 per share from its previous closing of Rs 248.30 per share with an 22 times spurt in volume on BSE. The stock has a 52-week high of Rs 398.50 per share & a 52-week low of Rs 192.30 per share and has been maintaining a healthy dividend pay-out of 97 per cent.

Established in 1974, RITES Limited is a leading public sector player in India's transport consultancy and engineering, offering diversified services from locomotive and train manufacturing to consultancy, exports, leasing and turnkey projects across railways, metros, airports, ports, highways, ropeways and urban infrastructure. As India's export arm for rolling stock (except Thailand, Malaysia, and Indonesia), it boasts expertise in various gauges and caters to diverse transportation needs.

Earlier, the company has secured a significant work order from Mahanadi Coalfields Limited (MCL) to provide Detailed Engineering & Project Management Consultancy services for the crucial "Rail Connectivity for proposed phase-II SILO at Lakhanpur Area of MCL." This domestic order, valued at Rs 28.00 crores excluding GST, is slated for execution over a period of 24 months and underscores RITES' expertise in delivering comprehensive infrastructure consultancy for the coal sector.

The company has a market cap of over Rs 13,000 crore and as of December 31, 2024, its order book stands at Rs 7,978 crore. The stock has an ROE of 18 per cent and an ROCE of 25 per cent. The stock is up by 51.8 per cent from its 52-week low of Rs 192.30 per share.

Disclaimer: The article is for informational purposes only and not investment advice.