Chart Analysis for RITES Ltd.Trend Analysis:
The chart indicates a recovery after a period of consolidation. The recent upward momentum suggests a potential bullish trend.
Key Levels:
Support Level: Around ₹210 - ₹215, where price has previously bounced back.
Resistance Level: Near ₹225, where price has encountered selling pr
Next report date
—
Report period
—
EPS estimate
—
Revenue estimate
—
7.87 INR
4.55 B INR
24.45 B INR
133.59 M
About RITES LTD
Sector
CEO
Rahul Mithal
Website
Headquarters
Gurgaon
Founded
1974
ISIN
INE320J01015
FIGI
BBG000VFHZN0
RITES Ltd. engages in the provision of transport infrastructural services. It operates through the following segments: Consultancy Services; Leasing of Railway Rolling Stock and Equipments; Export of Rolling Stock, Equipments and Spares; and Turnkey Construction Projects. The company was founded in 1974 and is headquartered in Gurgaon, India.
TURNING BULLISH: RITESRITES HAS BEEN IN A DOWNTREND FOR THE PAST COUPLE OF MONTHS.
RECENTLY IT HAS BOUNCED BACK STRONGLY FROM THE SUPPORT LEVEL OF 648.
NEXT RESISTANCE LEVELS: 767 - 783.
CONS: Sharp decline in quarterly profit from Rs. 176 Cr (Mar 2024) to Rs. 106 Cr. (Jun 2024).
Similarly, sales declined from Rs. 2,628
RITES Date 31.08.2024
RITES
Timeframe : Day chart
At 200 ema & consolidating from few days. Recently there's positive development with respect to new order.
(RITES: CO HAS EMERGED AS THE LOWEST BIDDER (L-1) FOR A USD 2.67 CR CONTRACT TO SUPPLY, TEST, AND COMMISSION 4 DIESEL MULTIPLE UNITS FOR TANZANIA
Rites Looking Very Strong :- Keep in Radar
✅The stock has been moving within an ascending triangle pattern, which indicates a potential bullish breakout. It recently tested the upper resistance trendline and showed a strong upward movement with significant volume, suggesting a breakout towards higher levels. The support level is maintained
RITES LTD - Swing Trade Analysis - 13th July #stocksRITES LTD (1W TF) - Swing Trade Analysis given on 13th July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related stocks
Frequently Asked Questions
The current price of RITES is 242.82 INR — it has increased by 4.76% in the past 24 hours. Watch RITES LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange RITES LTD stocks are traded under the ticker RITES.
RITES stock has risen by 9.18% compared to the previous week, the month change is a 8.07% rise, over the last year RITES LTD has showed a −25.49% decrease.
We've gathered analysts' opinions on RITES LTD future price: according to them, RITES price has a max estimate of 325.00 INR and a min estimate of 243.00 INR. Watch RITES chart and read a more detailed RITES LTD stock forecast: see what analysts think of RITES LTD and suggest that you do with its stocks.
RITES reached its all-time high on Feb 27, 2024 with the price of 412.98 INR, and its all-time low was 76.00 INR and was reached on Jul 2, 2018. View more price dynamics on RITES chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
RITES stock is 6.71% volatile and has beta coefficient of 1.72. Track RITES LTD stock price on the chart and check out the list of the most volatile stocks — is RITES LTD there?
Today RITES LTD has the market capitalization of 112.25 B, it has increased by 7.70% over the last week.
Yes, you can track RITES LTD financials in yearly and quarterly reports right on TradingView.
RITES LTD is going to release the next earnings report on May 28, 2025. Keep track of upcoming events with our Earnings Calendar.
RITES earnings for the last quarter are 2.95 INR per share, whereas the estimation was 2.10 INR resulting in a 40.48% surprise. The estimated earnings for the next quarter are 2.40 INR per share. See more details about RITES LTD earnings.
RITES LTD revenue for the last quarter amounts to 5.76 B INR, despite the estimated figure of 6.32 B INR. In the next quarter, revenue is expected to reach 5.99 B INR.
RITES net income for the last quarter is 1.00 B INR, while the quarter before that showed 729.80 M INR of net income which accounts for 37.15% change. Track more RITES LTD financial stats to get the full picture.
RITES LTD dividend yield was 2.52% in 2023, and payout ratio reached 88.38%. The year before the numbers were 5.71% and 89.77% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Apr 21, 2025, the company has 2.73 K employees. See our rating of the largest employees — is RITES LTD on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. RITES LTD EBITDA is 5.05 B INR, and current EBITDA margin is 26.89%. See more stats in RITES LTD financial statements.
Like other stocks, RITES shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade RITES LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So RITES LTD technincal analysis shows the buy rating today, and its 1 week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating RITES LTD stock shows the neutral signal. See more of RITES LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.