Rites Ltd Share Price – NSE  / BSE

Miscellaneous, Small Cap

The order involves the supply of operational Cape Gauge diesel electric locomotives and is scheduled to be executed within a period of three months, RITES said in a regulatory filing.

The contract has been awarded by an international entity and does not fall under related party transactions.

The company further clarified that the promoter or promoter group has no interest in the entity awarding the contract.

The total consideration for the order stands at $3.6 million (USD Three Million Six Hundred Thousand only).

RITES is a Navratna Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company has an experience spanning 50 years and undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and Middle East region. As on September, the Government of India held 72.20% in the company.

The company reported a 32.24% rise in consolidated net profit to Rs 109.10 crore in Q2 FY26 from Rs 82.50 crore a year earlier. Revenue from operations grew 1.45% YoY to Rs 548.74 crore for the quarter ended 30 September 2025.

Shares of Rites fell 3.08% to end at Rs 237.40 on the BSE.

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Rites has received a letter of award for ?Supply of In-Service Cape Gauge Diesel Electric Locomotives? from Berhard Development Corporation, Zimbabwe. The order is valued at USD 3.6 million.

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The key equity benchmarks continued to trade near flat line with positive bias in mid-morning trade. Market participants are also closely monitoring rupee movement, FII activity, ongoing IPO activity, and global cues. The Nifty traded above the 26,000 level.

Media shares jumped for third consecutive trading session.

At 11:25 ST, the barometer index, the S&P BSE Sensex jumped 10.31 points or 0.01% to 85,578.82. The Nifty 50 index advanced 18.70 points or 0.07% to 26,191.60.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.02% and the S&P BSE Small-Cap index added 0.32%.

The market breadth was positive. On the BSE, 2,180 shares rose and 1,649 shares fell. A total of 231 shares were unchanged.

Economy:

The combined Index of Eight Core Industries (ICI) increased by 1.8% (provisional) in November, 2025 as compared to the Index in November, 2024. The production of Cement, Steel, Fertilizer and Coal recorded positive growth in November, 2025.

Coal production rose 2.1% in November 2025 compared with November 2024. Crude oil output declined 3.2% year-on-year, while natural gas production fell 2.5% during the same period. Petroleum refinery production also slipped 0.9% in November 2025 over a year ago.

Steel production increased 6.1% year-on-year, cement output surged 14.5%, while electricity generation declined 2.2% in November 2025 compared with November 2024. Fertilizer production increased by 5.6% YoY in November 2025.

IPO Update:

Gujarat Kidney and Super Speciality received bids for 2,65,04,320 shares as against 1,32,26,880 shares on offer, according to stock exchange data at 11:21 IST on Tuesday (23 December 2025). The issue was subscribed 2 times. The issue opened for bidding on 22 December 2025 and it will close on 24 December 2025. The price band of the IPO is fixed between Rs 108 and 114 per share.

Buzzing Index:

The Nifty Media index jumped 1.75% to 1418.20 extending its gains for a third straight session, up 1.79% over the period.

Nazara Technologies (up 8.5%), Prime Focus (up 4.2%), Network 18 Media & Investments (up 1.62%), D B Corp (up 0.27%) and Hathway Cable & Datacom (up 0.16%) were the top gainers.

Stocks in Spotlight:

RITES added 2.45% after it has won an international order worth $35.2 million from Ndalama Capital, South Africa for the supply and commissioning of in-service Cape gauge ALCO diesel-electric locomotives on a CIF basis.

Sunita Tools rose 4.06% after the company announced a strategic memorandum of understanding with a Middle East-based partner to support an upcoming defence order.

Larsen & Toubro (L&T) announced that its Hydrocarbon Onshore business vertical (L&T Onshore) has secured a major engineering, procurement, construction and commissioning (EPCC) order from Bharat Petroleum Corporation (BPCL).

Global Market:

Asia market advanced on Tuesday, after AI trade lifted major Wall Street indexes overnight.

Nvidia shares rose more than 1% after media reports said that the company was looking to start shipments of its H200 chips to China by mid-February.

In Southeast Asia, Singapore will release its November inflation reading, with media reports stating that the city-state?s inflation rate is expected to have climbed to its highest in 2025.

Overnight in the U.S., the S&P 500 gained 0.64%, posting its third positive day in a row. The Dow Jones Industrial Average advanced 0.47%, and the Nasdaq Composite climbed 0.52%.

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The contract is expected to be executed over 18 months. The order has been awarded by an international entity, with no involvement of promoters or group companies in the contracting entity. The transaction is not a related party deal.

This order marks a significant expansion for RITES in the African rail sector, further strengthening its global locomotive business.

RITES is a Navratna Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company has an experience spanning 50 years and undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and Middle East region. As on September, the Government of India held 72.20% in the company.

The company reported a 32.24% rise in consolidated net profit to Rs 109.10 crore in Q2 FY26 from Rs 82.50 crore a year earlier. Revenue from operations grew 1.45% YoY to Rs 548.74 crore for the quarter ended 30 September 2025.

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