Name: Latest research reports of Rites Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: Rites Ltd.
Rating: 3
Author: Axis Direct

Rites Ltd.

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

241.5500 7.80 (3.34%)

NSE Apr 21, 2025 15:28 PM

39.38% Fall from 52W High

Volume: 1.6M

Rites Ltd.

01 Aug 2023

241.55

3.34%

Result Update:Rites

Hold: Rites Ltd.

Recommendation

Axis Direct

We change our recommendation on the stock from a BUY to HOLD as recent appreciation in the stock price leaves no upside potential. We await a better entry point to re-enter the stock.

Rites Ltd. is trading below its 100 day SMA of 251.2