Indian Railways' RITES Limited's share price surged significantly during Wednesday's trading session. On the Bombay Stock Exchange, the company's share price increased by 7.2 per cent to ₹254.60. The company recently announced international orders in a stock exchange filing. Market experts believe this is the reason behind the massive surge in RITES' share price.
In the exchange filing, RITES Limited announced that it has received a work order worth $3.6 million from a company in Zimbabwe, Africa. This amounts to approximately ₹32 crore 35 lakh in Indian currency. RITES will supply in-service Cape gauge diesel electric locomotives to Barhard Development Corporation (Private) Limited. RITES must deliver these within three months. This news has caused the railway company's stock price to jump.
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Despite the significant increase on the last day of 2025, RITES' share price has declined considerably over the past year. The stock has gained approximately 6.5 per cent over the past month. However, it has fallen by nearly 12 per cent over the past six months. Over the past year, it has declined by approximately 16 per cent. But over the past five years, investors have received an 80 per cent return from this stock.
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