RITES Share Price Sees Rapid Decline
📉 The share price of government company RITES Limited has seen a sharp decline amidst global events. Israel and Iran are on the brink of war, with fears of a fierce conflict between the two countries. The possibility of a major world war has created a negative impact on stock markets worldwide.
Positive News for RITES Limited Company
📈 On Monday, 5th August 2024, RITES Limited company’s shares closed at ₹687.45, down 4.86%. However, the company has recently secured a contract worth ₹25.80 crores from Gujarat State Electricity Corporation Limited. The contract has a duration of 24 years for completion.
Current Performance of RITES Limited Shares
💼 On Tuesday, 6th August 2024, RITES shares were trading at ₹694, up by 1.04%. The company has also announced a dividend of ₹2.5 per share for its investors, with ex-dividend trading scheduled for 8th August. Previously, the company distributed a dividend of ₹4.75 per share on 9th February 2024.
Past Performance and Returns
💰 In the last year, RITES Limited shares have provided a return of 57% to investors. Over the past six months, the share price has increased by 3.1%. The highest level for the company’s shares in the past 52 weeks was ₹826.15, while the lowest level was ₹432.65.
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