Down nearly 28% from its 52-week high; this multibagger Navratna Railway PSU stock zooms today
RITES stock on a year-to-date basis has gained over 18 per cent.
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The shares of Railways PSU stock RITES Ltd were in action in Friday's trade and zoomed over 4 per cent to the day's high price of Rs 299.95 per share on the BSE.
At the last count, shares traded with gains of as much as 3.67 per cent at Rs 297.95 per share.
The spurt in the stock price follows the company bagging an order from the IIM Raipur Campus for developing its campus as a Project Management Consultant (PMC). The aforesaid order worth around Rs 148.25 crore has to be completed within a 23 month timeline.
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