{"id":111258,"date":"2023-10-05T16:24:33","date_gmt":"2023-10-05T10:54:33","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111258"},"modified":"2023-10-05T16:24:38","modified_gmt":"2023-10-05T10:54:38","slug":"miniratna-stock-in-green-after-company-bags-orders-from-bangladesh-railways-for-111-million","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/miniratna-stock-in-green-after-company-bags-orders-from-bangladesh-railways-for-111-million\/","title":{"rendered":"Miniratna stock in green after company bags orders from Bangladesh Railways for $111 Million\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-124393909\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This Miniratna Central Public Sector Enterprise under the ministry of railways has bagged orders from Bangladesh railways for $111 million.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3434438512\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At the day\u2019s closing the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RITES\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Rites Limited<\/a><\/strong> were trading at Rs. 483.90 up by 1 percent from its previous day close price and the market capitalization of the company is 11,641 Cr.\u00a0<\/p><p>As per the company\u2019s filing, Rites Limited has bagged orders from Bangladesh Railways for Procurement of 200 Broad Gauge (BG) Passenger Carriages for Bangladesh Railways for a consideration of $111,003,177(One Hundred Eleven Million Three Thousand One Hundred Seventy Seven US Dollars) or 924.09 Cr.&nbsp;<\/p><p>The company\u2019s revenue has decreased by 1.26 percent from 2,661.83 Cr in FY22 to 2,628.27 Cr in FY23, accompanied by increasing profits of 538.58 Cr to 570.97 Cr.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2850329197\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company has reported a return on equity (ROE) of 22.42 percent and return on capital employed (ROCE) of 30.52 percent, this indicates that the company is making good returns on its equity and making efficient utilisation of the company\u2019s resources.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 72.20 percent stake, the Domestic Institutional Investors hold 15.25 percent and the Foreign Institutional Investors (FII) hold 3.44 percent.&nbsp;<\/p><p>Rites is Miniratna central public sector enterprise under the ministry of railways, it is a multidisciplinary engineering and consultancy organization, providing a comprehensive range of services from concept to commissioning in all facets of transport infrastructure and related technologies.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2926458174\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This Miniratna Central Public Sector Enterprise under the ministry of railways has bagged orders from Bangladesh railways for $111 million.&nbsp; At the day\u2019s closing the shares of Rites Limited were trading at Rs. 483.90 up by 1 percent from its previous day close price and the market capitalization of the company is 11,641 Cr.\u00a0 As [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12867,11638,948,936],"class_list":["post-111258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-rites-latest-news","tag-rites-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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