FSN E-Commerce Ventures Ltd, Aurobindo Pharma Ltd, Swan Energy Ltd, United Breweries Ltd are among the other stocks to see a surge in volumes on BSE today, 29 September 2022.

Rites Ltd clocked volume of 81137 shares by 10:46 IST on BSE, a 2.86 times surge over two-week average daily volume of 28335 shares. The stock gained 5.66% to Rs.319.00. Volumes stood at 40837 shares in the last session.

FSN E-Commerce Ventures Ltd clocked volume of 33324 shares by 10:46 IST on BSE, a 1.56 times surge over two-week average daily volume of 21409 shares. The stock gained 3.09% to Rs.1,316.85. Volumes stood at 16823 shares in the last session.

Aurobindo Pharma Ltd clocked volume of 1.23 lakh shares by 10:46 IST on BSE, a 1.18 times surge over two-week average daily volume of 1.04 lakh shares. The stock gained 1.16% to Rs.506.55. Volumes stood at 2.3 lakh shares in the last session.

Swan Energy Ltd saw volume of 36274 shares by 10:46 IST on BSE, a 1.06 fold spurt over two-week average daily volume of 34239 shares. The stock dropped 0.11% to Rs.222.15. Volumes stood at 61262 shares in the last session.

United Breweries Ltd recorded volume of 5752 shares by 10:46 IST on BSE, a 1.05 times surge over two-week average daily volume of 5461 shares. The stock gained 0.25% to Rs.1,689.35. Volumes stood at 6199 shares in the last session.

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Rites has secured an order for appointment as general engineering consultant for Ahmedabad Metro Rail Project, Phase II, as a lead member of the consortium for Rs 92.70 crore from Gujarat Metro Rail Corporation. The share of Rites in the order is 45%.

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The share of RITES in the order is 51%,” the Miniratna company said in a statement.

RITES is a Miniratna (Category — I) schedule 'A' public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia). As of 30 June 2022, the Government of India held 72.2% stake in the company.

The company reported a marginally lower consolidated net profit of Rs 136.75 crore in Q4 FY22 from Rs 137.73 crore posted in Q4 FY21. Net sales surged 21.7% to Rs 766.02 crore for the quarter ended 31 March 2022 from Rs 629.36 crore recorded in the corresponding period last year.

In the past six month, the stock has gained 22.59% while the benchmark Sensex has added 2.49% during the same period.

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Rites has secured a new business order with JV Partner, for redevelopment of Kollam Railway Station for Rs. 361.18 crore from Southern Railway, Ernakulam, Kerala. The share of Rites in the order is 51%.

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