RITES Ltd. has officially inked a Memorandum of Understanding (MoU) with CARE Advisory Research and Training Ltd (CART), a subsidiary of CARE Ratings, with the primary objective of delving into various opportunities for synergistic collaboration within the consultancy domain. These collaborative endeavors encompass a wide spectrum of services, with a specific focus on expanding into Environmental, Social, and Governance (ESG) services that span across diverse industry sectors.
Reflecting this promising development in the world of business, the National Stock Exchange (NSE) observed dynamic movements in the stock prices of both RITES and CARE Ratings on Friday. RITES’ shares concluded the trading day at Rs. 491.75, demonstrating a modest but notable rise of 0.57%. Meanwhile, CARE Ratings’ shares exhibited even more robust performance, concluding the day at Rs. 872.10, marking a substantial increase of 1.30%.