RITES’ shares surged 4.2% after securing a Rs 297.67 crore contract from the Ministry of External Affairs for an Integrated Check Post (ICP) construction project. The project is slated for completion within 59 months. Despite recent declines, RITES’ stock has seen an 18% increase over the past year.
Silver Storm Parks & Resorts Limited Successfully Concludes IPO
Silver Storm Parks & Resorts Limited successfully concluded its initial public offering, raising ₹82.43 crore. The company’s Qualified Institutional Buyers category saw strong subscription interest.