RITES shares snap four-day losing streak on highest volumes of 2025 so far
Published on 26/09/2025 01:45 PM
RITES shares snap four-day losing streak on highest volumes of 2025 so farShares of RITES are moving in line with the railway PSUs, which have corrected between 30% to 40% from their record high levels.By Hormaz Fatakia September 26, 2025, 1:45:15 PM IST (Published)1 Min ReadShares 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.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsRailway stocksRITESRITES Order Winshare market today