RITES Limited has informed the Exchange regarding major order secured from Berhard Development Corporation (Private) Limited, Zimbabwe

Export Order Hard CurrencyBusiness Updates View source PDF Explain this filing

RITES · price

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

+2.5%Reaction day

₹237.00

prior close

₹241.90

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.2%+1.4% vs market

Civil Construction peers, median of 94sector+0.6%+1.9% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Smallcap 250 and 1.9 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

+1.4

10m

+3.6

15m

+4.6

30m

+3.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.5+1.2+1.4+0.6+1.9

Next day

+2.5+1.1+1.5+0.8+1.7

+4.0+1.8+2.1+1.6+2.4

+3.1+2.1+1.0+0.4+2.7

+2.1+1.8+0.3-0.5+2.6

+2.2+2.0+0.2-1.1+3.2

-2.0-1.7-0.3-3.5+1.5

15d

-6.4-5.3-1.1-9.8+3.4

-6.8-6.0-0.8-11.3+4.6

-13.8-5.5-8.3-13.2-0.6

-19.8-10.6-9.3-20.9+1.1

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 94Pending

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

AI summary

RITES Limited has received a Letter of Award from Berhard Development Corporation (Private) Limited, Zimbabwe, for the supply of In-Service Cape Gauge Diesel Electric Locomotives. The total order value is USD 3.6 million (approximately ₹30-31 crore). The order is to be executed within 3 months. This is an international export order, and the counterparty is not a related party. The payment is denominated in US dollars, a hard currency.

Likely market impact

This is a positive development as it adds a new international client to RITES' order book and brings in hard currency revenue. However, the order size is relatively small compared to RITES' overall annual revenue, so the immediate impact on stock price or financials is likely to be modest.