|
06 Jun 2025 |
Rites
|
Consensus Share Price Target
|
309.20 |
276.25 |
- |
-10.66 |
buy
|
|
|
|
|
30 Jan 2025
|
Rites
|
Axis Direct
|
309.20
|
305.00
|
258.35
(19.68%)
|
Target met |
Buy
|
|
|
We maintain our recommendation of BUY on the stock.
|
|
08 Nov 2024
|
Rites
|
IDBI Capital
|
309.20
|
326.00
|
284.45
(8.70%)
|
5.43 |
Hold
|
|
|
|
|
08 Nov 2024
|
Rites
|
Axis Direct
|
309.20
|
325.00
|
284.45
(8.70%)
|
5.11 |
Buy
|
|
|
We roll over our estimates to FY27 and upgrade our recommendation from HOLD to BUY on the stock.
|
|
02 Aug 2024
|
Rites
|
IDBI Capital
|
309.20
|
683.00
|
722.60
(-57.21%)
|
Target met |
Hold
|
|
|
|
|
02 Aug 2024
|
Rites
|
Axis Direct
|
309.20
|
660.00
|
722.60
(-57.21%)
|
Target met |
Hold
|
|
|
We maintain our HOLD recommendation on the stock.
|
|
30 May 2024
|
Rites
|
IDBI Capital
|
309.20
|
683.00
|
700.45
(-55.86%)
|
Target met |
Hold
|
|
|
|
|
30 May 2024
|
Rites
|
Axis Direct
|
309.20
|
715.00
|
700.45
(-55.86%)
|
Target met |
Hold
|
|
|
We maintain our HOLD recommendation on the stock. We await for better entry point.
|
|
05 Feb 2024
|
Rites
|
IDBI Capital
|
309.20
|
683.00
|
748.85
(-58.71%)
|
Target met |
Hold
|
|
|
|
|
05 Feb 2024
|
Rites
|
Axis Direct
|
309.20
|
685.00
|
748.85
(-58.71%)
|
Target met |
Hold
|
|
|
We maintain our HOLD recommendation on the stock as recent sharp appreciation in the stock price leaves us with no upside. We await for better entry point.
|
|
02 Nov 2023
|
Rites
|
Axis Direct
|
309.20
|
420.00
|
443.05
(-30.21%)
|
Pre-Bonus/ Split |
Hold
|
|
|
We maintain our HOLD recommendation on the stock and revise our estimates downward for FY24 and FY25 respectively.
|
|
25 Sep 2023
|
Rites
|
Axis Direct
|
309.20
|
500.00
|
492.85
(-37.26%)
|
Target met |
Hold
|
|
|
we expect the company to post healthy Revenues/EBITDA/APAT growth of 12%/11%/11%CAGR respectively over FY23-25E. However,the recent appreciation in stock price leaves us with little upside and we maintain our HOLD rating on the stock with a TP of Rs 500/share, implying an upside of 2% from the CMP.
|
|
01 Aug 2023
|
Rites
|
Axis Direct
|
309.20
|
450.00
|
465.45
(-33.57%)
|
Target met |
Hold
|
|
|
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.
|
|
19 Jun 2023
|
Rites
|
Axis Direct
|
309.20
|
450.00
|
393.75
(-21.47%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock with a TP of Rs 450/Share, (Rs 410/Share earlier) implying an upside of 13% from the CMP. We value the company at 16x FY25E EPS (15x earlier).
|
|
22 May 2023
|
Rites
|
Axis Direct
|
309.20
|
410.00
|
368.20
(-16.02%)
|
Target met |
Buy
|
|
|
Company Outlook & Guidance: The management refrained from giving any revenue guidance but expects to maintain their core EBITDA margin and profitability at a healthy growth rate moving ahead. The company expect good export orders in FY24.
|
|
14 Feb 2023
|
Rites
|
IDBI Capital
|
309.20
|
371.00
|
335.30
(-7.78%)
|
Target met |
Hold
|
|
|
|
|
13 Feb 2023
|
Rites
|
Axis Direct
|
309.20
|
410.00
|
334.30
(-7.51%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain our BUY recommendation on the stock.
|
|
12 Dec 2022
|
Rites
|
Axis Direct
|
309.20
|
405.00
|
368.85
(-16.17%)
|
Target met |
Buy
|
|
|
We recommend a BUY rating on the stock with a TP of Rs. 405/ share implying an upside of 10% from the CMP.
|
|
14 Nov 2022
|
Rites
|
Axis Direct
|
309.20
|
405.00
|
364.45
(-15.16%)
|
Target met |
Buy
|
|
|
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.
|
|
08 Sep 2022
|
Rites
|
Axis Direct
|
309.20
|
315.00
|
302.80
(2.11%)
|
Target met |
Hold
|
|
|
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.
|
|
01 Aug 2022
|
Rites
|
IDBI Capital
|
309.20
|
335.00
|
267.25
(15.70%)
|
Target met |
Buy
|
|
|
|