NIFTY 23907.25 BANK 51135.40

RITES Ltd.
Share Price Target & Analysis

NSE:RITES

274.32

VWAP

273.05

Open

273.65

Close

276.7

High

271

Low

412.98

52 Week High

275.25 ⇧
1.60 (0.58%)

RITES

(DIVERSIFIED)
24.4% Momentum

Turnaround Potential

230.85

52 Week Low

8.17

EPS

37.04

PE

5.28

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 275.25, this results in a dividend yield of 6.18 %.

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 8.17. NSE:RITES book value per share as of today is 52.16. The current price to book ratio for RITES as of Nov 23, 2024 is 5.28.

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 28.72% is very crucial parameter which shows that 28.72% investors are anticipating that the price of RITES share should go up with VWAP at 274.32.

Now, the main question is whether to BUY or SELL, NSE:RITES at current valuation.
As per latest Analysis No. #9355:-

⇑ 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 (Nov 23, 2024)

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

RITES Ltd. share price moved Up by 0.58% from its previous close of Rs 273.65. RITES stock last traded price is 275.25. RITES share price trend is Up with a total of 450557 stocks traded till now. It has touched an intraday high of Rs 276.7 and an intraday low of Rs 271. The RITES trading at 275.25, Up by Rs. 1.60, or 0.58 percent which suggests that most of the Traders are anticipating that the price of RITES share should go Up.

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 Up by 0.58%. RITES share price short term trend is Up. It suggests that RITES Share Price for Tomorrow remains the same with VWAP at 274.32 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

 275.25

RITES Share Price Target Prediction for 2024 ^

 242 - 341.9

RITES Share Price Target Prediction for 2025*^

 341.9 - 442.1

RITES Share Price Target Prediction for 2026*^

 442.1 - 473

RITES Share Price Target Prediction for 2027*^

 497

RITES Share Price Target Prediction for 2028*^

 511

RITES Share Price Target Prediction for 2030*^

 557
RITES Current Book Value 2023
51.9

*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: @272.9

RITES Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 276.7 SELL 277.09 SELL
MA_12 288.28 SELL 285.19 SELL
MA_20 289.39 SELL 290.67 SELL
MA_32 301.24 SELL 300.1 SELL
MA_50 316.39 SELL 308.17 SELL
MA_100 329.09 SELL 319.18 SELL
MA_200 341.36 SELL 317.43 SELL

RITES Trend Oscillators

BUY (1) NEUTRAL (0) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 289.39 Downtrend
MACD -0.85 SELL
ADX 25.3 Strong Trend
DMI (+/-) 16.24 / 33.97 Downtrend

RITES Momentum Oscillators

BUY (0) NEUTRAL (6) SELL (6)
Momentum Oscillators Value Action
RSI 35.51 Neutral
STOCHASTIC_K (Fast) 16.57 Oversold
STOCHASTIC_D (Slow) 10.27 Oversold
CCI -127.74 SELL
PSAR 301.28 SELL
TRUE RANGE 8.2 Neutral
ATR 11.36 Neutral
WILLIAMS R -86.23 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 49.75 Neutral
STOCHASTIC RSI D 26.43 Neutral
MOMENTUM -31.6 SELL

RITES Last 1 Year Trend

Duration Value
1 Year 21.8%
3 Months -18.39%
1 Month -10.38%
1 Week -6.32%

RITES Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 3%
NEUTRAL / HOLD 20%
SELL 77%

Most popular Questions & Answers about RITES


RITES Ltd. stock last traded price is 275.25. RITES share price moved Up by 0.58% from its previous close of Rs 273.65.

RITES Ltd. share price trend is Up with a total of 450557 stocks traded till now. It has touched an intraday high of Rs 417.1098 and an intraday low of Rs 271. The RITES trading at 275.25, Up by Rs. 1.60, or 0.58 percent which suggests that most of the Traders are anticipating that the price of RITES share should go Up and the Stop Loss will be around 274.32.

The market cap of RITES Ltd. is ₹6424.5 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for RITES Ltd. as of Nov 22, 2024 is 37.04.

The current price to book ratio for RITES Ltd. as of Nov 22, 2024 is 5.28.

The highest price of RITES Ltd. stock is ₹412.98 in the last 52-week.

The lowest price of RITES Ltd. stock is ₹230.85 in the last 52-week.

RITES Ltd. share trading at ₹275.25, Up by Rs. 1.60, or 0.58 percent which suggests that most of the traders are anticipating that the price of RITES share should go Up.

In 2023, Stock price target for RITES Ltd. (RITES) are ₹242 on downside and ₹341.9 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 ₹341.9 on downside and ₹442.1 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 ₹442.1 on downside and ₹473 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 ₹511 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.

The price of RITES Ltd. (RITES) shares moved by 0.58%. The short-term trend for RITES share price is Up. It implies that the share price of RITES will stay the same tomorrow and that intraday traders should treat VWAP at 274.32 as a stop loss. Investors with a long-term outlook can track RITES long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of RITES stock is 98. Compared to the current market price of 275.25 INR, the RITES stock is Overvalued by 64.4%.

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 8.17. RITES Ltd. book value per share as of today is 52.16. The current price to book ratio for RITES as of Nov 23, 2024 is 5.28.


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 79.16 0 32.71
IRB 47.60 1.37 15.71
RITES 275.25 8.17 52.16
Updated at: 22 Nov 2024 15:40

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