Rs 5,702 crore order book: This civil construction company emerges as the lowest bidder for order worth USD 111,003,177 from Bangladesh Railway!
The stock is up by 40 per cent in just 1 year and over 70 per cent in 2 years.
RITES Limited, a leading transport infrastructure consultancy and engineering company, is the lowest bidder (L-1) in the tender floated by Bangladesh Railway. The estimated order value is approximately USD 111,003,177. The order includes the procurement of 200 Broad Gauge (BG) passenger carriages for Bangladesh Railway (International entity).
Earlier, the company signed a Memorandum of Understanding (MoU) with CARE Advisory Research and Training Ltd. (CART), a subsidiary of CARE Ratings Limited, to explore avenues of mutual collaboration in the consultancy domain, including ESG services, across sectors.
As part of the MoU, both entities will also collaborate to provide ESG consultancy services, including ESG Assessment, Gap Analysis, ESG Due Diligence, ESG Policy Development and Roadmap as well as ESG/Compliance reporting across sectors. The companies will jointly develop a go-to-market strategy to work proactively and bring in best practices by leveraging each other’s strengths to optimise operations.
As of June 30, 2023, the company's order book amounted to Rs 5,702 crore. The company secured more than 70+ orders worth Rs 300+ crore.
On Friday, shares of Rites Ltd surged 0.70 per cent to Rs 481.60 per share with an intraday high of Rs 492 and an intraday low of Rs 480.05. The stock has a 52-week high of Rs 583.45 and a 52-week low of Rs 305.75.
The company reported excellent numbers in both Quarterly Results and annual results. The stock has an ROE of 21.3 per cent and an ROCE of 30 per cent. The stock is up by 40 per cent in just 1 year and over 70 per cent in 2 years. Investors should keep a close eye on this civil construction stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.
Related articles
-
Rs 10,000 crore orders and Rs 55,300 crore order book: This multibagger civil construction company bags huge orders from Greater Noida Authority
-
Multibagger penny stock at Rs 22: This electrical equipment company bags new orders worth Rs 40,00,00,000 in West Bengal
-
Rs 5,100 crore order book & Quant MF bought 22,50,000 shares: This multibagger railways telecom company bags order worth Rs 1,62,73,00,000 from Navodaya Vidyalaya Samiti!
-
Rs 88,000 crore order book: This multibagger aerospace & defence company bags new orders worth Rs 1,034.31 crore from Mazagon Dock Shipbuilders Ltd & various other clients!
-
Rs 1,300 crore order book & 52-week high alert: This multibagger company bags new orders worth Rs 400 crore from domestic & international customers!
-
Rs 3,699 crore order book: This multibagger heavy electrical equipment company bags new orders worth Rs 32,45,00,000 from NTPC Ltd & Maithon Power Ltd!
-
Rs 1,695 crore order book: This multibagger telecom infrastructure company bags new orders worth Rs 30,82,75,000 from Bharti Airtel Ltd!
-
Rs 54,437 crore order book: This multibagger civil construction company receives new orders worth Rs 825 crore from Mahan Energen Limited!
-
Rs 765 crore order book: This multibagger small-cap company bags new order worth Rs 72 crore from Government of Odisha!
-
Rs 3,699 crore order book: This multibagger heavy electrical equipment company receives new orders worth Rs 24,04,84,000 from NTPC and BPSCL!
-
Rs 4,50,700 crore order book: This multibagger civil construction company bags new orders worth Rs 15,000 crore from Middle East!
-
Multibagger stock below Rs 100: This power generation company bags new order worth Rs 550 crore from Gujarat Urja Vikas Nigam Ltd!
-
High ROE & High ROCE multibagger stock: This micro-cap company bags new order worth Rs 40 crore!
-
Rs 18,50,00,000 order book: FIIs-backed micro-cap stock in green after it signs MoU with Nirma University – know more here!
-
1,276-MW order book: This multibagger heavy electrical company bags repeat order for 279 MW for its 3 MW WTGs from a large C&I player; scrip hits 52-week high!
-
Rs 17,800 crore order book: This multibagger civil construction company emerges as the lower bidder (L1) for order worth Rs 1,174 crore from MPRDC!
-
Rs 5,100 crore order book: This multibagger railways telecom company receives new order worth Rs 29,90,00,000 from Government of Madhya Pradesh!
-
Rs 1,459 crore order book and FIIs & DIIs increase stake: This multibagger iron & steel company bags new order worth Rs 187 crore from ONGC!
-
Dilipkumar Lakhi's portfolio multibagger penny stock with Rs 169.2 crore order book: This iron & steel company receives new orders worth Rs 10,00,00,000 from a PSU company!
-
Rs 7,800 crore order book & FIIs bought 1,82,15,022 shares: This multibagger railway wagons company bags new order worth Rs 1,374.41 crore from Ministry of Railways!