India, March 9 -- The shares of this smallcap company majorly engaged in transport consultancy services, turnkey and exports, were in focus after getting revised estimate for the electrification project from Indian Railways.

With the market capitalization of Rs. 9,665 Crores, the shares of Rites Ltd were trading at around Rs. 201 per share which is 36 percent discount from its 52 weeks high of Rs. 316 per share and is trading at a P/E of 23.4 whereas industry P/E stands at 14.8

News RITES Limited had earlier received orders for railway electrification work from the Ministry of Railways, covering various routes including Mysuru-Hassan-Mangaluru, including Hassan-Arsikere, and Kadur-Chikmagalur. As per the latest filings the project, ear...