With a market capitalization of Rs. 6,255.06 crore, RITES Limited is a mid-cap business that operates in the construction and industrial sectors. RITES Limited, a Miniratna (Category-I) and Schedule ‘A’ Central Public Sector Enterprise under the Ministry of Railways, is active in India’s transport consultancy and engineering sector and is ideally suited to diversify its services across a range of industries including Railways. posted from. , highways, urban engineering (metropolis) and sustainability, airports, ports, ropeways, institutional buildings, inland waterways and renewable energy. Apart from Thailand, Malaysia and Indonesia, the firm is the only export division of the Indian Railways that provides rolling stock. The company’s infrastructure services are provided to over 55 countries in Asia, Africa, Latin America, South America and the Middle East, having been provided for over 48 years. For the purpose of paying 40% dividend, the Board of Directors of the company has announced the record date for determining the eligibility of the shareholders.
The company in a regulatory filing said that “The Board of Directors has declared the first interim dividend of Rs. 4 per share at the rate of 40% of the paid-up share capital of the company. Further, as stated earlier, the record date fixed for payment of the first interim dividend for the financial year 2022-23 is August 05, 2022.”
Shares closed on NSE 264.00 each, up 5.07% from its previous close 251.25. The stock is down 5.38 percent over the past year, and on a year-over-year basis, it’s down 2.78 percent so far in 2022. The stock has fallen 3.81 percent in the last six months, but has risen by 14.38 percent during the past month. Total Value of 10,33,209 Shares 2,665.68 lakhs were traded on NSE today in rights trading activity. The stock had touched a 52-week high 317.90 on 25-Oct-21 and 52-week low of 226.20 as on 20-Jun-22 which indicates that at current market price 264.00 share is trading up 16.95% from 52-week high and 16.71% above 52-week low.
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