Fri Sep 20 07:45:50 UTC 2024: ## RITES Stock Surges on Ex-Dividend, Bonus Basis; Kerala Conducts Mpox Genome Sequencing

**Mumbai, India** – Shares of state-owned RITES Ltd saw a significant surge today, rallying 12.5% to reach a day’s high of Rs 383.35 on the BSE. The stock began trading on an ex-dividend and ex-bonus basis, reflecting the company’s recent announcements.

RITES had declared a final dividend of Rs 5 per share and a 1:1 bonus share issue for eligible shareholders earlier in July. The record date for both the dividend and bonus shares was set as September 20. As a result, investors who purchased RITES shares before today were eligible for these benefits.

With the current share price at Rs 372.30, RITES boasts a dividend yield of 4.50%, highlighting the company’s commitment to rewarding shareholders. This marks the first bonus share issue by RITES since 2019.

RITES stock has demonstrated strong performance in recent months. It has yielded positive returns of 10.15% in the last month, 15.97% in the past six months, and a remarkable 45.12% year-to-date. The stock has also displayed impressive growth over the past year, delivering returns of over 44.29%.

**Kerala Takes Action on Mpox Case**

Meanwhile, in Kerala, the state government is conducting genome sequencing to identify the variant of Mpox found in a 38-year-old man who recently returned from the UAE. The Health Minister assured the public that all necessary measures have been taken and there is no cause for concern. The patient has 23 identified contacts who are being monitored closely.

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