Momentum stock for the week:
About:
RITES Ltd., a Government of India Enterprise was established in 1974, under the aegis of Indian Railways.
RITES is engaged in the business of Export Sales, Consultancy, Inspection Fee, Services for Turnkey Construction Projects
Parameters:
Stock P/E- 15.4(12 would be great)
Book Value- ₹ 112
Return on assets
11.2 %
Why need...
Swing TrAdE options:
After Box Break-Out now forming Descending Triangle Pattern, Depends on the break-Out stock moves further.
Current Price- 595
P/E- 23.8 (less among competitors)
Short time target: 650, 690
Med Time target: 730(Pole Extension)
Pros:
Company has reduced debt.
Company has delivered good profit growth of 30.97% CAGR over last 5 years
Debtor...