Explained: Why RITES share price surged 10% today
RITES Limited witnessed a strong surge in its stock price on Tuesday, gaining 10% during early trading hours.
The stock opened at Rs 267.15 and soared to an intraday high of Rs 302.80, supported by increased investor interest and heightened trading activity. At 12:04 pm, shares of RITES were trading 10.12% higher at Rs 294.35.
RITES, a public sector enterprise under the Ministry of Railways, specialises in providing consultancy services for transport infrastructure projects. Its leadership in the sector, coupled with a robust market presence, has contributed to growing investor confidence.
The stock has experienced significant fluctuations over the past year, with a 52-week low of Rs 246.70 and a high of Rs 412.98. Today’s rally appears…
