RITES Shares Price: RITES shares witnessed a strong rally on the NSE on Tuesday, May 3, 2025. The company’s shares rose 2.18% to an intra-day high of ₹285.40. The rally came after RITES was declared L1 (lowest bidder) for a project of Gujarat Urban Development Company Ltd (GUDC). The project is valued at ₹28.50 crore (GST excluded).
However, despite the intra-day rally, RITES shares closed flat at ₹279.30 per share on the NSE. Overall, investors were excited after the company received new orders, but the rally could not be sustained till market closing.
RITES Wins Key GUDC Project Under AMRUT 2.0
RITES has been selected as the L1 bidder for a prestigious project of Gujarat Urban Development Company (GUDC) under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT 2.0) that will see RITES monitoring water supply schemes (WSS), underground drainage (UGD), and sewage treatment plants (STP) in urban bodies of Gujarat as a third-party inspection agency. This win reflects RITES’ growing expertise in urban infrastructure and its vital role in India’s urban transformation agenda.
However, the formal award of the project will be given only after a thorough scrutiny of the technical and financial bids by GUDC, as specified in the tender. Once awarded, RITES has a mandate to complete the work within 60 months (5 years) from the date of issue of Letter of Award (LoA) or Notice to Proceed (NTP).
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RITES’ strategic tie-up with Shree Cement
Apart from the Gujarat Urban Development Corporation (GUDC) project, RITES signed a key Memorandum of Understanding (MoU) with Shree Cement Limited in late May 2025, which made headlines. The deal focuses on the development of rail infrastructure and related services, further strengthening RITES’ presence in the rail and logistics sector. The partnership showcases the company’s diversified portfolio and ability to collaborate across industries.
RITES stock has seen a good rally in recent times. It gained 1.41% last week, while it climbed 23.24% in May 2025. The stock has shown a jump of 25.4% in the last two months, which reflects investor confidence. However, it is still down 3.91% on a year-to-date (YTD) basis, indicating some volatility.
The stock’s 52-week range is ₹192.40 (low) on March 3, 2025 and ₹398.45 (high) on July 8, 2024. As of May 3, 2025, RITES’ market cap on NSE is ₹13,449.70 crore, indicating its importance in the infrastructure and consultancy sector.
Why are investors eyeing RITES?
Recent achievements such as the GUDC project bid and MoU with Shree Cement highlight RITES’ ability to secure high-value projects and expand its services. The company’s participation in AMRUT 2.0 is aligned with India’s Sustainable Urban Development goals, making RITES a key player in the country’s infrastructure development.
Investors are attracted to RITES’ diversified portfolio, which includes rail, urban infrastructure and consultancy services. But given the volatility in the stock, market players will keep an eye on the company’s ability to convert bids into contracts and deliver on its promises.
Final Words
The recent surge in RITES share price and strategic wins indicate a bright future for this PSU. With projects secured under government schemes like AMRUT 2.0 and partnerships with industry leaders, the company remains on the watchlist in the infrastructure sector.
Disclaimer: This article is for informational purposes only and is not financial advice. Consult a qualified financial advisor or broker before investing.
