RITES jumps up almost 6.5%

RITES stock price has been gaining for the last 3 days and has risen 5.42% in the period. Today, it hit an intraday high at Rs.294.50, up almost 6.5%.

A PSU, it’s an engineering consultancy company, specializing in the field of transport infrastructure.

The upward rally in the stock price continued after the company announced today morning that its Board will be meeting on 24^th June for consideration of issue of bonus shares.

RITES got listed in July 2018 at Rs.190 v/s IPO price of Rs.185.