RITES Limited has informed the Exchange about emerging as Lowest Bidder (L-1) in tender floated by Gujarat Urban Development Company Limited

Business Updates View source PDF Explain this filing

RITES · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹279.75

prior close

₹281.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%-0.3% vs market

Civil Construction peers, median of 83sector-0.7%+0.5% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.5 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.1

15m

-0.1

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2+0.1-0.3-0.7+0.5

Next day

+5.5+0.6+4.9-0.4+5.9

+9.8+1.3+8.5+0.0+9.8

+7.4+2.0+5.5+0.8+6.6

+7.9+3.3+4.6+1.7+6.3

+8.0+3.5+4.5+2.8+5.2

+3.6+1.9+1.7+1.3+2.3

15d

-1.5+1.3-2.8-0.4-1.0

+2.3+4.7-2.4+1.3+1.0

-6.9+0.4-7.3-2.2-4.7

-6.3+0.1-6.4-3.9-2.3

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 83Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

RITES Limited has emerged as the Lowest Bidder (L-1) in a tender floated by Gujarat Urban Development Company Limited (GUDC). The contract is for appointment as a Third Party Inspection (TPI) agency for water supply, sewerage, and sewage treatment plant projects under the Amrut 2.0/SJMMSVY schemes for urban local bodies in Gujarat. The estimated bid value is Rs. 28.50 crore (excluding GST), to be executed over 60 months from the date of Letter of Award. The order is domestic and not a related-party transaction, and is still subject to formal award after GUDC's due evaluation process.

Likely market impact

The win adds to RITES's order book and reinforces its infrastructure consulting presence, but the Rs. 28.50 crore size is modest relative to the company's overall scale, so the immediate stock impact is likely limited. Investors should await the formal award confirmation before factoring it in fully.