{"id":127643,"date":"2024-07-02T10:41:44","date_gmt":"2024-07-02T05:11:44","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=127643"},"modified":"2024-07-02T11:25:04","modified_gmt":"2024-07-02T05:55:04","slug":"smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/","title":{"rendered":"Smallcap stock jumps 3% after it received LoA worth \u20b9 26.79 Cr for construction of railway PFTs"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1403950545\"><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>The shares of the public sector enterprises gained up to 3 percent after the company received a letter of award from Karnataka Mining Environment Restoration Corporation worth Rs 26.79 crore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1066254760\"><!-- 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 16,916.05 crore, the shares of Rites Ltd were trading in green at Rs 701.75 per share, increasing around 1.45 percent as compared to the previous closing price of Rs 691.70 apiece.&nbsp;<\/p><p>Today the shares of the company have seen positive movement after Rites Ltd received a letter of award from Karnataka Mining Environment Restoration Corporation worth Rs 26.79 crore for a total Project Management Consultancy services for the Construction of Railway PFTs at Dharmapura and Susheel Nagar in Bellary District under CEPMIZ reg.&nbsp;<\/p><p>Examining the company\u2019s financial performance, revenue plummeted by 6.4 percent from Rs 987 crore in Q4FY23 to Rs 643 crore in Q4FY24, and during the same time frame, net profit shrunk by 1.4 percent from Rs 139 crore and Rs 137 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4278703091\"><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 experience spanning 50 years and has undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and the Middle East region.&nbsp;<\/p><p>In March 2024, the business had a healthy order book of Rs 5,690 crore. This included Rs 295 crore from exports, Rs 2,600 crore from consultation, Rs 120 crore from REMC, Rs 170 crore from leasing, and Rs 2,505 crore from turnkey.&nbsp;<\/p><p>RITES Limited is an Indian engineering and consultancy company. The firm offers comprehensive transportation infrastructure and technology services, from concept to completion. The company works in four segments: consultancy services, leasing of railway rolling stock, and equipment.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh&nbsp;<\/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 <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-4269294486\"><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>The shares of the public sector enterprises gained up to 3 percent after the company received a letter of award from Karnataka Mining Environment Restoration Corporation worth Rs 26.79 crore.&nbsp; With a market capitalization of Rs 16,916.05 crore, the shares of Rites Ltd were trading in green at Rs 701.75 per share, increasing around 1.45 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":117840,"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":[4865,31,13525],"tags":[20095,12867,11875,11638,948,936,3157],"class_list":["post-127643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates","tag-rites","tag-rites-latest-news","tag-rites-limited-share-price","tag-rites-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"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>Smallcap stock jumps 3% after it received LoA worth \u20b9 26.79 Cr for construction of railway PFTs - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of the public sector enterprises gained up to 3 percent after the company received a letter of award from Karnataka Mining Environment Restoration Corporation worth Rs 26.79 crore.\u00a0\" \/>\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\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smallcap stock jumps 3% after it received LoA worth \u20b9 26.79 Cr for construction of railway PFTs\" \/>\n<meta property=\"og:description\" content=\"The shares of the public sector enterprises gained up to 3 percent after the company received a letter of award from Karnataka Mining Environment Restoration Corporation worth Rs 26.79 crore.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/\" \/>\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=\"2024-07-02T05:11:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-02T05:55:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/construction03.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/\",\"url\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/\",\"name\":\"Smallcap stock jumps 3% after it received LoA worth \u20b9 26.79 Cr for construction of railway PFTs - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/construction03.jpg\",\"datePublished\":\"2024-07-02T05:11:44+00:00\",\"dateModified\":\"2024-07-02T05:55:04+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"The shares of the public sector enterprises gained up to 3 percent after the company received a letter of award from Karnataka Mining Environment Restoration Corporation worth Rs 26.79 crore.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/construction03.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/construction03.jpg\",\"width\":1280,\"height\":854,\"caption\":\"Infra\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Smallcap stock jumps 3% after it received LoA worth \u20b9 26.79 Cr for construction of railway PFTs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Smallcap stock jumps 3% after it received LoA worth \u20b9 26.79 Cr for construction of railway PFTs - Trade Brains Features","description":"The shares of the public sector enterprises gained up to 3 percent after the company received a letter of award from Karnataka Mining Environment Restoration Corporation worth Rs 26.79 crore.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/","og_locale":"en_US","og_type":"article","og_title":"Smallcap stock jumps 3% after it received LoA worth \u20b9 26.79 Cr for construction of railway PFTs","og_description":"The shares of the public sector enterprises gained up to 3 percent after the company received a letter of award from Karnataka Mining Environment Restoration Corporation worth Rs 26.79 crore.\u00a0","og_url":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2024-07-02T05:11:44+00:00","article_modified_time":"2024-07-02T05:55:04+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/construction03.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/","url":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/","name":"Smallcap stock jumps 3% after it received LoA worth \u20b9 26.79 Cr for construction of railway PFTs - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/construction03.jpg","datePublished":"2024-07-02T05:11:44+00:00","dateModified":"2024-07-02T05:55:04+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"The shares of the public sector enterprises gained up to 3 percent after the company received a letter of award from Karnataka Mining Environment Restoration Corporation worth Rs 26.79 crore.\u00a0","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/construction03.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/construction03.jpg","width":1280,"height":854,"caption":"Infra"},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-3-after-it-received-loa-worth-26-79-cr-for-construction-of-railway-pfts\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Smallcap stock jumps 3% after it received LoA worth \u20b9 26.79 Cr for construction of railway PFTs"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/127643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=127643"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/127643\/revisions"}],"predecessor-version":[{"id":127645,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/127643\/revisions\/127645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/117840"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=127643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=127643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=127643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}