{"id":123113,"date":"2024-04-25T15:28:04","date_gmt":"2024-04-25T09:58:04","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=123113"},"modified":"2024-04-25T15:43:35","modified_gmt":"2024-04-25T10:13:35","slug":"infra-stock-jumps-after-signing-mou-for-project-management-consultancy-services","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/infra-stock-jumps-after-signing-mou-for-project-management-consultancy-services\/","title":{"rendered":"Infra stock jumps after signing MoU for Project Management Consultancy Services\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1629228984\"><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>Shares of this infra stock under the \u2018small-cap\u2019 category jumped approximately 2 percent in Thursday\u2019s trading session after the company signed an MoU with Damodar Valley Corporation (DVC) for Project Management Consultancy Services. In the last six months, the company\u2019s stock gained nearly 50 percent for its holders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3118312530\"><!-- 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>With a market capitalization of Rs 16,458.28 crores, the stocks of <strong>Rites Limited<\/strong> started their trading session on Thursday at Rs 679.55 and currently trades at Rs 684.90, gaining around 2 percent compared to the previous closing level of Rs 674.25 apiece.\u00a0<\/p><p>Such bullish share price movements were observed today after the company, through a recent regulatory filing with the Bombay Stock Exchange (BSE), intimated about signing a Memorandum of Understanding (MoU) with \u2018Damodar Valley Corporation\u2019 (DVC), a statutory body under the Ministry of Power.&nbsp;<\/p><p>The MoU is executed for the purpose of collaborating for \u201cProject Management Consultancy\u201d services for rail infra works. The partnership aims at finding infrastructure solutions for the upgradation, renovation, and development of rail connectivity for power plants.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4270995061\"><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 infra company will be working closely with DVC for the development of rail infrastructure facilities and associated structural and civil works.&nbsp;<\/p><p>During the recent financial quarters, the company\u2019s basic business parameters, viz, its operating revenues as well as after-tax profits, showed a stellar financial performance with the former increasing from Rs 582 crores during Q2FY24 to Rs 683 crores during Q3FY24, and the latter, from Rs 110 crores to Rs 129 crores.&nbsp;<\/p><p>In addition, the company\u2019s ratio analysis portrays the return ratios, viz, the return on equity (RoE) as well as the return on capital employed (RoCE), being reported at decent numbers during FY23 with the former reported at 20.81 percent and the latter at 25.84 percent.&nbsp;<\/p><p>As per the latest presentations, the company\u2019s total order book, as of 31st December 2023, stands at Rs 5,496 crores, with the order-book split portraying the \u201cConsultancy\u201d segment as the major contributor with a 48 percent share, \u201cTurnkey\u201d segment with a 42 percent share, and the rest from Exports, Leasing, and others.<\/p><p>Incorporated in 1974, Rites Limited is a multi-disciplinary consultancy organization operating via multiple segments including consultancy services, its major revenue contributor, export of rolling stock, turnkey construction projects, power generation, etc.&nbsp;<\/p><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3035719560\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-1673984894\"><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>Shares of this infra stock under the \u2018small-cap\u2019 category jumped approximately 2 percent in Thursday\u2019s trading session after the company signed an MoU with Damodar Valley Corporation (DVC) for Project Management Consultancy Services. In the last six months, the company\u2019s stock gained nearly 50 percent for its holders.&nbsp; With a market capitalization of Rs 16,458.28 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104923,"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":[31,13525],"tags":[],"class_list":["post-123113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Infra stock jumps after signing MoU for Project Management Consultancy Services\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this infra stock under the \u2018small-cap\u2019 category jumped approximately 2 percent in Thursday\u2019s trading session after the company signed an MoU with Damodar Valley Corporation (DVC) for Project Management Consultancy Services.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/infra-stock-jumps-after-signing-mou-for-project-management-consultancy-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infra stock jumps after signing MoU for Project Management Consultancy Services\u00a0\" \/>\n<meta property=\"og:description\" content=\"Shares of this infra stock under the \u2018small-cap\u2019 category jumped approximately 2 percent in Thursday\u2019s trading session after the company signed an MoU with Damodar Valley Corporation (DVC) for Project Management Consultancy Services.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/infra-stock-jumps-after-signing-mou-for-project-management-consultancy-services\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-25T09:58:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-25T10:13:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/infra-stock-jumps-after-signing-mou-for-project-management-consultancy-services\/\",\"url\":\"https:\/\/tradebrains.in\/features\/infra-stock-jumps-after-signing-mou-for-project-management-consultancy-services\/\",\"name\":\"Infra stock jumps after signing MoU for Project Management Consultancy Services\u00a0 - 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