RITES today is doing very well, currently at its intraday high point at Rs.302.75, up more than 3.5%. Its is just Rs.15 away from its 52-week high of Rs.318.
The stock price rose, reacting to the receipt of a new order - this is through a JV Partner, for redevelopment of Kollam Railway Station for Rs. 361 crore from Southern Railway, Ernakulam, Kerala.
In this JV, RITES holds 51%.