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RITES Surges 18% on Rs 175 Cr University Campus Order
Shares of RITES surged to a day’s high of Rs 241.50 on the BSE on 1 July, after it won a Rs 175.41 crore campus consultancy order. The stock opened at Rs 206.20, just above its previous close of Rs 204.85, and climbed steadily through the morning on the back... The post RITES Surges 18% on Rs 175 Cr University Campus Order appeared first on Equitypandit.
Shares of RITES surged to a day’s high of Rs 241.50 on the BSE on 1 July, after it won a Rs 175.41 crore campus consultancy order.
The stock opened at Rs 206.20, just above its previous close of Rs 204.85, and climbed steadily through the morning on the back of the order announcement and heavy volumes.
RITES has bagged a Project Management Consultancy contract from Babasaheb Bhimrao Ambedkar University, a central university known as BBAU.
Under this contract, the company will handle planning, design and development of infrastructure facilities across the university campus.
The total project cost works out to around Rs 175.41 crore, excluding GST, and includes RITES’ own consultancy fees.
Execution is expected to be completed within 30 months from the date of signing the agreement. The company has confirmed this is not a related party transaction.
The order also came with a big jump in trading activity. Over 28 million shares changed hands on the NSE and BSE by mid morning, more than 10 times the usual volumes, pointing to strong investor interest in the news.
This win adds to an already healthy pipeline. RITES had reported its highest ever order book of Rs 9,416 crore as of 31 March 2026, built on more than 120 orders worth over Rs 958 crore secured in just the January to March quarter.
The management had described FY27 as the year of disruptive growth across all business streams.
As of 14:07 pm on 1 July, shares of the Gurugram based Navratna PSU were trading at Rs 234.90 on the BSE, up 14.67% for the day.
The stock remains well below its 52 week high of Rs 299.95, though the day’s move has been one of its sharpest in recent months.
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The post RITES Surges 18% on Rs 175 Cr University Campus Order appeared first on Equitypandit.
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