ReutersReuters

India's RITES Ltd rises on signing MoU with UltraTech Cement

** Engineering and consultancy firm RITES Ltd's RITES shares up as much as 3.1% to 707.50 rupees; last up 1.8%

** Company signs MoU with UltraTech Cement ULTRACEMCO for project management consultancy services of rail infra projects

** UltraTech shares up 0.2%

** RITS set to snap two straight weeks of losses if trends hold

** 2 of 5 brokerages rate stock "strong buy", 1 "sell", 1 "strong sell", 1 "hold"; median PT 683 rupees - LSEG

** Stock has been trading above its 200-day moving avg since August 2022

** Including session's gain, RITES shares up ~39% YTD

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