Rites Ltd.

NSE: RITES | BSE: 541556 | ISIN: INE320J01015 | Industry: Construction & Engineering
| Momentum Trap
272.7000 2.20 (0.81%)
NSE Jun 20, 2025 15:31 PM
Volume: 1.2M
 

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Rites Ltd.
14 Aug 2020
272.70
0.81%
IDBI Capital
negligible delivery in the export segment. Its key segment, consultancy revenue declined by 22% YoY. Leasing and Turnkey revenue was lower by 20% and 11% respectively. However, business is improving every month and in Q2FY21 RITE is working with 75-80% of its usual run rate. Order book at Rs61.5bn: In Q1FY21 Order Book stood at Rs 61.5bn and RITE has secured Rs2.5bn in Q1FY21. Company expects to secure order of Rs5-10bn in bidding. In exports, RITE sees immense opportunity in Africa for rail infra. Upside risk to our estimate: In FY21E, we have model revenue to decline by 5% and...
Rites Ltd. is trading below its 30 day SMA of 279.6
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