Monday 2 July 2018

RITES makes decent debut, lists at Rs 190, up 2.7% from issue price

It had hit a high and low of Rs 205.75 and Rs 190 respectively, till now. Railways consultancy firm RITES, the first state-owned firm to hit the IPO market in the current fiscal listed at Rs 190 on BSE and NSE, up 2.7% from its issue price of Rs 185 a share. At 10:05 am, the stock was trading at Rs 203, up 6.55% and 9.43% with respect to open price and issue price respectively on BSE. On comparison the S&P BSE Sensex was trading 0.5% lower. The stock had hit a high and low of Rs 205.75 and Rs 190 respectively, till now.


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