Shares of Railways PSU stock RITES Ltd were active in Friday trade and rose more than 4 percent to the day’s high of Rs 299.95 per share on the BSE.
At last count, the shares traded at a gain of 3.67 percent at Rs 297.95 per share.
The rise in the stock price follows the company’s handling of the IIM Raipur Campus order for the development of its campus as a Project Management Consultant (PMC). The above mentioned order worth about Rs 148.25 crore should be completed within a timeline of 23 months.
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