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RITES (RITE IN)

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Analysis

Industrials • India

RITES Limited is an Indian public sector undertaking that operates under the Ministry of Railways, Government of India. The company offers consultancy, engineering, and project delivery services across various infrastructure sectors, including railways, highways, metros, urban development, and airports. RITES also provides services like leasing and export of railway rolling stock and turnkey construction projects. Headquartered in Gurugram, Haryana, India, RITES was incorporated on April 26, 1974.

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bullish•RITES

•17 Sep 2021 10:49•Broker

RITES: Robust Order Book To Drive Future Growth

We expect the company to deliver Revenues/EBITDA/APAT growth of 26%/23%/21% CAGR respectively over FY21-23E. RITES Ltd (RITES) maintained an EBITDA...

Axis Direct

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bullish•RITES

•17 Aug 2021 09:48•Syndicated

RITES: Execution to Pick Up

Guidance on segmental revenue: For FY22E, RITE expects export revenue of Rs9bn which will be scattered over the next three quarters. Consultancy...

IDBI Capital

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bullish•RITES

•13 Jul 2021 07:02•Broker

Pick of the Week:12 JULY 2021

We recommend a BUY with TP of Rs. 315/share.

Axis Direct

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bullish•RITES

•23 Jun 2021 09:12•Broker

RITES Ltd: Robust Order Book; Bounce Back Expected In FY22

We retain a BUY rating on the stock with a target price of Rs. 315 (earlier target Rs 279), implying an upside of 18% from CMP.

Axis Direct

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