Rites share price jumps 13% after Northeast Frontier Railway boosts project estimates to ₹531.77 crore
4 weeks ago

Rites share price jumps 13% after Northeast Frontier Railway boosts project estimates to ₹531.77 crore

Live Mint  

Rites share price jumped by 13% during Monday's trading session following the announcement that the Northeast Frontier Railway had significantly increased its project estimates. Rites share price today opened at ₹288.05 apiece on the BSE, the stock touched an intraday high of ₹310 apiece, and an intraday low of ₹286.30 per share. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Rites share price has seen a sharp bounce in today's session, more than 10% in the first couple of hours. The project focuses on railway electrification for the LMG-BPB section of the Lumding division in the Northeast Frontier Railway, and it will be undertaken on a turnkey basis.

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Live Mint  

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