RITES is doing very well today morning; opening at Rs.345, the stock rose to an intraday high at Rs.364.70, which is not too far from its 52-week high of Rs.379.90.

The company announced today afternoon that it has secured a new business order for construction of Depot cum Workshop for Rs. 499 crore.

This order is from Bangalore Metro Rail Corporation.

RITES has a 51% stake in the order.