Introduction:
Railway stock is set for strong growth, leveraging a robust order book and strategic partnerships. Recent export contracts and innovative solutions underscore its commitment to expanding market presence and sustaining leadership in infrastructure and engineering sectors.
RITES Ltd:
On January 3, 2025, RITES Ltd opened at ₹300.00, up from its previous close of ₹292.90. The stock reached an intraday high of ₹304.90 and a low of ₹293.30. By market close, it traded at ₹294.75, reflecting a 0.63% increase, with a market cap of ₹14,165.80 crore.
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RITES Ltd is positioned for robust future growth, driven by a strong order book with over 90 orders totaling ₹700 crore in Q2 FY25 alone. Strategic partnerships with key domestic entities and MOUs with Etihad Rail are expected to boost order inflows and enhance market presence across diverse geographies.
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The company anticipates double-digit top-line growth in FY26, fueled by recent export orders from South Africa and Bangladesh worth ₹1,300 crore. With a focus on innovation, including AI-driven rail inspections, and a skilled workforce expansion, RITES aims to sustain its leadership in infrastructure and engineering solutions.
RITES Ltd, established in 1974, is a leading engineering consultancy and project management firm specializing in transportation, infrastructure, and export services. The company provides expertise in railways, highways, urban development, and exports across domestic and 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.
