NSE: RITES | BSE: 541556

Momentum Trap

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252.30 -5.98 (-2.32%)

31.91% Fall from 52W High

552.0K NSE+BSE Volume

NSE 25 Sep, 2025 3:53 PM (IST)

12,125.6

Market Cap

High in industry

1.5

Beta 1Year

Very High Volatility

Rites Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for RITES, BSE:541556 Rites Ltd.

Rites Ltd.

14 Nov 2022

252.30

-2.32%

Result Update:Rites

Buy: Rites Ltd.

Recommendation Target

Axis Direct

We revise our earnings estimates for FY23E and 24E and value the company at 15x FY24 EPS (12.5x earlier) to arrive at a TP of Rs 405/share, implying an upside of 10% from the CMP and hence change our rating from HOLD to BUY.

Rites Ltd. is trading below all available SMAs

Rites Ltd.

08 Sep 2022

252.30

-2.32%

Axis Annual Analysis:Rites

Hold: Rites Ltd.

Recommendation Target

Axis Direct

we change our rating from BUY to HOLD. We value the company at 12.5x FY24E EPS to arrive at a target price of Rs 315 /share (Rs 295/share earlier), implying an upside of only 5% from the CMP.

Rites Ltd.'s price crossed below 30Day SMA today

Rites Ltd.

01 Aug 2022

252.30

-2.32%

RITES: Q1FY23 Result Review

Buy: Rites Ltd.

Target

IDBI Capital

Rites Ltd.'s price crossed below 30Day SMA today

Rites Ltd.

27 May 2022

252.30

-2.32%

RITES: Q4FY22 Result Review

Buy: Rites Ltd.

Target

IDBI Capital

Rites Ltd. has lost -29.97% in the last 1 Year

Rites Ltd.

26 May 2022

252.30

-2.32%

Result Update:Rites

Buy: Rites Ltd.

Target

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.

Rites Ltd.

10 Feb 2022

252.30

-2.32%

Result Update:Rites

Buy: Rites Ltd.

Target

Axis Direct

We retain a BUY rating on the stock with a target price of Rs 305 (Rs 330 earlier), implying an upside of 15% from the CMP.

Rites Ltd.'s price crossed below 30Day SMA today

Rites Ltd.

15 Nov 2021

252.30

-2.32%

RITES: Q2FY22 Result Review

Buy: Rites Ltd.

Target

IDBI Capital

Order book provided visibility: H1FY22 Order book is at Rs64bn (equals 3x TTM Revenue) comprising of Consultancy /Exports/ Lease/ Turnkey/ REMC at Rs2.5bn /Rs10bn/ Rs1bn/ Rs28bn/ Rs1bn. New opportunity is expected from metro consultancy order and 2-3 international orders of USD100mn each. Segmental composition: With Exports back on track, RITE is aiming for Rs7-7.5bn revenue in FY22E. Consultancy segment is growing and RITE expects revenue increase at 10% pa over the next 3-4 years. For Turnkey segment, company expects revenue to improve on QoQ and stabilize in Q4FY22. Going forward, company is targeting to...

Rites Ltd. has an average target of 280.50 from 2 brokers.

Rites Ltd.

12 Nov 2021

252.30

-2.32%

Result Update:Rites

Buy: Rites Ltd.

Target

Axis Direct

We retain a BUY rating on the stock with a target price of Rs 330, implying an upside of 12% from CMP.

Number of FII/FPI investors increased from 132 to 138 in Jun 2025 qtr.

Rites Ltd.

15 Sep 2021

252.30

-2.32%

Axis Annual Analysis:Rites

Buy: Rites Ltd.

Axis Direct

we expect the company to deliver Revenues/EBITDA/APAT growth of 26%/23%/21% CAGR respectively over FY21-23E.

Number of FII/FPI investors increased from 132 to 138 in Jun 2025 qtr.

Rites Ltd.

16 Aug 2021

252.30

-2.32%

RITES: Q1FY22 Result Review

Buy: Rites Ltd.

IDBI Capital

Guidance on segmental revenue: For FY22E, RITE expects export revenue of Rs9bn which will be scattered over the next three quarters. Consultancy segment is growing and RITE expected revenue increase of 10% pa over the next 3-4 years. QA has reached Pre Covid level in Q2FY22. Turnkey segment revenue could decline in FY22E...

Rites Ltd. has an average target of 280.50 from 2 brokers.

Is Rites Ltd. worth buying?

651 Votes:

Buy 80.03%

Sell 8.91%

Hold 11.06%

RESEARCH REPORTS

Hold SEE REPORTS >

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Buy SEE REPORTS >

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