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  1. RITES shares surge 3% on inking MoU with UAE-based Etihad Rail

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RITES shares surge 3% on inking MoU with UAE-based Etihad Rail

Upstox

3 min read | Updated on October 01, 2025, 12:04 IST

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SUMMARY

RITES share price: A Memorandum of Understanding (MoU) was signed between the two companies to enhance business collaboration in the mobility and infrastructure sectors across the UAE and other regions.

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RITEShas a total market capitalisation of ₹12,011.73 crore, as of October 1, 2025, according to data on the NSE. | Image: Shutterstock

RITEShas a total market capitalisation of ₹12,011.73 crore, as of October 1, 2025, according to data on the NSE. | Image: Shutterstock

RITES share price: Shares of RITES Ltd soared 2.92% to an intra-day high of ₹253.23 apiece on the National Stock Exchange (NSE) on Wednesday, October 1.
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The stock was trading 1.28% higher at ₹249.19 per equity share, at around 11:29 am.

The surge in the stock comes after the Reserve Bank of India (RBI) on Wednesday announced its plan to reduce the cost of infrastructure financing by NBFCs. It proposed to reduce the risk weights applicable to lending by NBFCs to operational, high-quality infrastructure projects.

Furthermore, the transport infrastructure consultancy and engineering firm, on Tuesday, said it has signed a pact with UAE-based Etihad Rail for business collaboration with its subsidiary, National Infrastructure Construction Company (NICC).

A Memorandum of Understanding (MoU) was signed in this regard, aiming to enhance business collaboration in the mobility and infrastructure sectors across the UAE and other regions, according to a regulatory filing dated Tuesday.

The partnership aims to combine RITES' five decades of expertise in consultancy, transport infrastructure, and engineering solutions with the execution capabilities of the NICC to shape infrastructure projects in the region, the statement added.

"The MoU was signed by H.E. Shadi Malak, CEO of Etihad Rail, and Rahul Mithal, Chairman and Managing Director of RITES Ltd., in the presence of His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Etihad Rail, and Ambassador of India to the UAE H.E. Sunjay Sudhir during the Global Rail Transport Infrastructure Exhibition & Conference held in Abu Dhabi," it said.

RITES stock performance

The scrip has declined 3.5% over the week and 3.6% over the month. It has fallen 10.7% over three months but gained 8.3% over a period of six months.

On a year-to-date basis, the share has slipped 15.55%.

While the stock reached a year’s low of ₹192.40 on March 3, 2025, it touched a 52-week high of ₹353.50 per equity share almost a year ago on September 30, 2024.

The PSU has a total market capitalisation of ₹12,011.73 crore, as of October 1, 2025, according to data on the NSE.

RITES Q1 results

The company reported a 1.1% year-on-year (YoY) surge in its consolidated net profit to ₹91 crore in the June quarter of FY26, compared to ₹90 crore in the corresponding period a year ago.

Its revenue from operations increased by 0.82% YoY to ₹490 crore during the quarter under review, as against ₹486 crore in the first quarter of FY25.

With inputs from PTI
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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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