Introduction:
Navratna PSU stock in focus after signing a key MoU to boost infrastructure and logistics development. The agreement aims to enhance trade connectivity, develop ports, logistics parks, and free trade zones, further strengthening India’s economic collaboration with global trade leaders like the UAE.
Share Price movement of RITES:
On April 9, 2025, RITES Limited opened at ₹215.05, reaching a high of ₹216.99 and a low of ₹212.90, down 0.94% from the previous close of ₹218.05. The stock closed at ₹215.99, with a market cap of ₹10,380.56 Crores.
RITES signed new MoU:
RITES Limited has entered into a MoU with DP World to explore opportunities in trade, logistics, and infrastructure development. The collaboration will focus on developing ports, logistics parks, free trade zones, & enhancing rail connectivity across key trade routes.
MoU was signed during a high-profile event attended by HH Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum and India’s Commerce Minister Shri Piyush Goyal. This partnership is expected to boost India-UAE economic ties and create stronger trade and logistics networks.
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Stock performance of RITES for Period of 1 week, 6 months and 1 year:
RITES stock has witnessed consistent declines over multiple timeframes. In the past week, it dropped by 7.04%. Over the last six months, it fell 31.3%, and on a one-year basis, the stock has declined sharply by 36.7%, reflecting prolonged downward pressure.
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Shareholding pattern of RITES:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 72.2 | 72.2 | 72.2 |
| FII | 3.34 | 3.2 | 3.5 |
| DII | 8.83 | 9.63 | 10.78 |
| Retail & others | 15.63 | 14.95 | 13.5 |
About RITES:
RITES Limited (NSE: RITES) is a leading engineering consultancy and project management PSU under Indian Railways. Specializing in transport infrastructure, it offers services in railways, highways, airports, and ports, with a strong presence in India and growing operations across international markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
