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RITES Ltd.
Share Price Target & Analysis

NSE:RITES

669.37

VWAP

675.00

Open

671.85

Close

679.00

High

660.25

Low

825.95

52 Week High

664.05 ⇩
-7.80 (-1.16%)

RITES

(DIVERSIFIED)
66.9% Momentum

Sideways to Positive

337.00

52 Week Low

19.53

EPS

39.52

PE

6.38

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: RITES Share Price Financial Analysis & Valuation

RITES Ltd. (RITES) is broadly categorized in DIVERSIFIED segment industry which deals in Transport Infrastructure vertical. It is one of Mid Cap company with Market Capitalization of Rs 6424.5 (in Cr). Total number of free float shares are 20 (in Lacs). RITES Ltd. is listed on NSE with Exchange ID - INE320J01015 and trading code is NSE:RITES with short name RITES.

In the past 1 year, RITES Ltd. has declared an equity dividend of Rs 17 per share. At the current share price of RITES at Rs 664.05, this results in a dividend yield of 2.56 %.

As per the Fundamental Analysis of NSE:RITES, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine RITES underlying value and future prospects. All of this data is available in RITES financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:RITES, it is clearly understood that RITES is Economical performer in terms of earnings and profit margins with an EPS of 19.53. NSE:RITES book value per share as of today is 104.16. The current price to book ratio for RITES as of May 16, 2024 is 6.38.

Valuation of the Stock: The current valuation of RITES stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of RITES whether to BUY this stock at current valuation. The delivery percentage of RITES is 31.79% is very crucial parameter which shows that 31.79% investors are anticipating that the price of RITES share should go up with VWAP at 669.37.

Now, the main question is whether to BUY or SELL, NSE:RITES at current valuation.
As per latest Analysis No. #8605:-

⇑ STRONG BUY RITES if All Greens

⇗ BUY RITES (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD RITES (With Stop Loss) if only 1 Green

⇘ SELL RITES if NO Green Indicator

NSE: RITES Share Price Today (May 16, 2024)

(RITES Ltd. Daily Analysis on the basis of RITES Intraday Graph & Trend)

RITES Ltd. share price moved Down by -1.16% from its previous close of Rs 671.85. RITES stock last traded price is 664.05. RITES share price trend is Down with a total of 643368 stocks traded till now. It has touched an intraday high of Rs 679.00 and an intraday low of Rs 660.25. The RITES trading at 664.05, Down by Rs. -7.80, or -1.16 percent which suggests that most of the Traders are anticipating that the price of RITES share should go Down.

NSE: RITES Share Price Tomorrow Prediction

(RITES Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of RITES)

RITES Ltd. share price moved Down by -1.16%. RITES share price short term trend is Down. It suggests that RITES Share Price for Tomorrow remains the same with VWAP at 669.37 will be treated as stop loss for intraday traders. RITES Ltd. Long term investors can follow the RITES long term trend as mentiond in future forecast table.

NSE Code

NSE: RITES

RITES Share Price Today

 664.05

RITES Share Price Target Prediction for 2024 ^

 560 - 830

RITES Share Price Target Prediction for 2025*^

 830 - 884.3

RITES Share Price Target Prediction for 2026*^

 884.3 - 946.2

RITES Share Price Target Prediction for 2027*^

 994

RITES Share Price Target Prediction for 2028*^

 1022

RITES Share Price Target Prediction for 2030*^

 1114
RITES Current Book Value 2023
103.6

*RITES Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^RITES share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

RITES Technical Analysis

Candlestick Pattern: @664.05

RITES Moving Averages

BUY (5) NEUTRAL (0) SELL (9)
MA Simple Action S1 Expo Action E2
MA_5 651.21 BUY 659.28 BUY
MA_12 670.4 SELL 664.29 SELL
MA_20 668.49 SELL 667.91 SELL
MA_32 673.8 SELL 672.43 SELL
MA_50 681.37 SELL 671.54 SELL
MA_100 674.74 SELL 651.71 BUY
MA_200 568 BUY 580.56 BUY

RITES Trend Oscillators

BUY (1) NEUTRAL (1) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 668.49 Downtrend
MACD -1.46 SELL
ADX 13.92 NO or Weak Trend
DMI (+/-) 19.79 / 19 Uptrend

RITES Momentum Oscillators

BUY (1) NEUTRAL (9) SELL (2)
Momentum Oscillators Value Action
RSI 48.16 Neutral
STOCHASTIC_K (Fast) 79.68 Neutral
STOCHASTIC_D (Slow) 61.9 Neutral
CCI -15.72 Neutral
PSAR 686.61 SELL
TRUE RANGE 18.75 Neutral
ATR 27.16 Neutral
WILLIAMS R -53.59 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 81.17 Overbought
STOCHASTIC RSI D 65.7 Neutral
MOMENTUM -32.5 SELL

RITES Last 1 Year Trend

Duration Value
1 Year 64.23%
3 Months -16.96%
1 Month -4.67%
1 Week 0.21%

RITES Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 23%
NEUTRAL / HOLD 33%
SELL 43%

Most popular Questions & Answers about RITES


RITES Ltd. stock last traded price is 664.05. RITES share price moved Down by -1.16% from its previous close of Rs 671.85.

RITES Ltd. share price trend is Down with a total of 643368 stocks traded till now. It has touched an intraday high of Rs 834.2095 and an intraday low of Rs 660.25. The RITES trading at 664.05, Down by Rs. -7.80, or -1.16 percent which suggests that most of the Traders are anticipating that the price of RITES share should go Down and the Stop Loss will be around 669.37.

The market cap of RITES Ltd. is ₹6424.5 (in Cr) as of May 15, 2024.

The current price to earning ratio for RITES Ltd. as of May 15, 2024 is 39.52.

The current price to book ratio for RITES Ltd. as of May 15, 2024 is 6.38.

The highest price of RITES Ltd. stock is ₹825.95 in the last 52-week.

The lowest price of RITES Ltd. stock is ₹337.00 in the last 52-week.

RITES Ltd. share trading at ₹664.05, Down by Rs. -7.80, or -1.16 percent which suggests that most of the traders are anticipating that the price of RITES share should go Down.

In 2023, Stock price target for RITES Ltd. (RITES) are ₹560 on downside and ₹830 on upside. RITES Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for RITES Ltd. (RITES) are ₹830 on downside and ₹884.3 on upside. RITES Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for RITES Ltd. (RITES) are ₹884.3 on downside and ₹946.2 on upside. RITES Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for RITES Ltd. (RITES) will be around ₹1022 RITES Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of RITES.

As per the fundamental analysis of RITES Ltd. (RITES), it is of Economical quality in terms of earnings and profit margins with an EPS of 19.53. RITES Ltd. book value per share as of today is 104.16. The current price to book ratio for RITES as of May 16, 2024 is 6.38.


NSE:RITES News & Other Useful Information about RITES Share Price


Peer Comparison of NSE: RITES

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Transport Infrastructure

Company Price EPS BV
GMRINFRA 83.75 0.08 36.32
IRB 65.70 1.26 14.05
RITES 664.05 19.53 104.16
Updated at: 15 May 2024 15:59

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