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HomeMarket NewsRITES shares snap four-day losing streak on highest volumes of 2025 so far
Shares of RITES are moving in line with the railway PSUs, which have corrected between 30% to 40% from their record high levels.
Shares of railway PSU RITES Ltd. gained as much as 7% on Friday, September 26, in response to an order win. The stock though, is off the day's high but trades with volumes that are already the highest this year.
The company announced that it had bagged an international order from South Africa's Talis Logistics, worth $18 million.
The delivery of the locomotives will be completed within six to eight months.
In an exchange filing, the company said that this further strengthens their exports portfolio, particularly in the African market.
RITES has had this price action on very high volumes. As many as 3.2 crore shares of the railway PSU have changed hands, well above the 20-day average of 55 lakh shares. This is the highest volume traded on the stock in 2025, higher than the 3.1 crore share that were traded on July 2.
Shares of RITES are moving in line with the railway PSUs, which have corrected between 30% to 40% from their record high levels.
Shares of RITES have nearly given up all the gains so far, currently trading 1.2% higher at ₹255.1. The stock is down 36% from its record high levels.
