India, June 3 -- The shares of this leading transport consultancy provider surged by approximately 3 percent on Tuesday after the company announced that it has secured a contract worth Rs 28.50 crore by being the lowest bidder in its segment.

With a market capitalization of Rs 13,567 crores, the shares of Rites Ltd are currently trading at Rs 282 per share, down by 29.23 percent from its 52-week high of Rs 398.50 per share. Over the past five years, the stock has delivered a return of 130 percent.

On Tuesday, through a stock exchange filing, RITES Ltd announced that it has become the lowest financial bidder in the QCBS Tender floated by Gujarat Urban Development Company Limited for the hiring of a Third Party Inspection (TPI) agency fo...