Rites Ltd.

NSE: RITES | BSE: 541556 | ISIN: INE320J01015 | Industry: Construction & Engineering
| Momentum Trap

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Rites Ltd.
26 May 2022
253.55
3.94%
Axis Direct
We roll over our estimate to FY24 and retain a BUY rating on the stock, valuing the company at 11.5x FY24E EPS to arrive at a target price of Rs 275/share (Rs 305/share earlier), implying an upside of 10% from the CMP.
Rites Ltd. has an average target of 280.50 from 2 brokers.
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