Rites Ltd.

NSE: RITES | BSE: 541556 | ISIN: INE320J01015 | Industry: Construction & Engineering
| Mid-range Performer

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Rites Ltd.
12 Nov 2020
242.81
2.33%
Axis Direct
RITIES has an order book of Rs 6,661 cr which gives visibility for more than 2 years; Mgtm is confident of regaining momentum with easing of lockdown restrictions. We expect the company to post Revenues/PAT at CAGR of 7%/5% respectively over FY20-22E. We retain BUY with a target price of Rs 317
Rites Ltd. is trading below its 100 day SMA of 248.2
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