Rites Ltd

RITES has entered into a pact with IIT-Kanpur for exploring opportunities in the areas of sustainability and carbon-related works like carbon neutrality in sectors such as steel and power

IRCTC has consistently faced resistance around the Rs 800-mark; break below Rs 660 can further weaken the stock, chart indicates.

So far in 2022, Titagarh Wagons and Rail Vikas Nigam have zoomed 87 per cent and 80 per cent, respectively. Texmaco Rail and Rites too logged smart gains. IRCTC is the sole underperformer.

RITES Ltd, a public sector transport consultancy and engineering firm, has reported 19.6 per cent decline in consolidated profit after tax (PAT) at Rs 140.20 crore for September quarter 2022-23. The company had logged a PAT of Rs 174.49 crore in the year-ago period, RITES said in a BSE filing on Friday. Income dropped to Rs 684.30 crore from Rs 788.85 crore in the year-ago period. "The trend of sequential growth as also seen vis-a-vis H1 (April-September) of the previous year continues despite a dip in the export stream of revenue. "The results reiterate our core strength and the USP (unique selling point) of having a diversified business portfolio," Chairman and Managing Director Rahul Mithal said. RITES is a miniratna public sector enterprise and a leading player in the transport consultancy and engineering sector in the country.

Sun Pharmaceutical Industries is the only other stock among the Sensex 30 and Nifty 50 that trades in the overbought category, technically.

Amid the recent market fall,11 stocks hit record highs. Whenever any stock exhibits reluctantance to weaken despite a pessimistic bias, it means the underlying trend possesses a robust momentum.

The stock of state-owned engineering, designing & construction company traded higher for the third straight day, surging 15 per cent, during the period

EBITDA and profit after tax stood at Rs 179 crore and Rs 145 crore against Rs 97 crore and Rs 78 crore

Stocks to Watch Today: Banks and rate sensitive related shares are likely to be in focus today as RBI announces the outcome of its three-day policy meet this morning.

RITES Q4 results 2022: Operating revenue, excluding other income, went up by 21.5 per cent to Rs 744 crore in Q4 FY22

3i Infotech, ACC, Aurobindo, Berger Paints, DCB Bank, GMR Infra, Indiabulls Housing, NDTV, Nykaa, Petronet, PowerGrid Corp, SAIL and Tata Power to report earnings today.

The three IT majors - Infosys, TCS and Wipro shall react to the Q3 earnings reported on Wednesday after market hours this morning.

Standard Life will divest 3.46 per cent or 70 million shares in HDFC Life Insurance Company on Tuesday

V G Suresh Kumar will be RITES nominee on IRSDC board; RITES' induction has brought IRSDC additional capital of Rs 48 crore

RITES Ltd on Thursday said it has bagged a Rs 206 crore contract to construct four road over bridges in Andhra Pradesh from Indian Railways.

The order covers the construction of four roads over bridges in replacement of level crossings on the Vijaywada-Vishakhapatnam section

All that happened in the markets today

The board of directors at RITES Ltd has approved buy-back of 9.69 million equity shares with a face value of Rs 10 each at Rs 265 per share

All that happened in the markets today

The railways consultancy firm had posted a consolidated profit of Rs 150.38 crore in the corresponding quarter of previous fiscal