RITES stock jumps on debut

The stock made its debut as it listed at Rs190 a share, which was at a premium of 2.70% over its issue price of Rs185. RITES made its stock market debut as it listed at Rs190 a share, which was at a premium of 2.70% over its issue price of Rs185. The price band was fixed at Rs180-185 per share with face value of Rs10. The equity shares of Rites (Scrip Code: 541556) are listed effective July 2, 2018 and admitted to dealings on the Exchange in the list of B Group Securities. The stock is currently trading at Rs209.25 up by Rs24.25 or 13.11% from its previous closing of Rs185 on the BSE. The scrip opened at Rs190 and has touched a high and low of Rs209.40 and Rs190 respectively.

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