RITES shares rally 4% as company bags Rs 298 order from Ministry of External Affairs

RITES’ shares surged 4.2% after securing a Rs 297.67 crore contract from the Ministry of External Affairs for an Integrated Check Post (ICP) construction project. The project is slated for completion within 59 months. Despite recent declines, RITES’ stock has seen an 18% increase over the past year.