₹652
0.61%
Low
Day's Volatility:3.80%
High
3.19%
47.50%
Low
52 Weeks Volatility:74.18%
High
26.68%
Returns % | |
1 Month Return | 4.77 % |
3 Month Return | 27.27 % |
1 Year Return | 90.48 % |
Market Stats | |
Previous Close | ₹662.20 |
Open | ₹665.05 |
Volume | 9.37L |
Upper Circuit | - |
Lower Circuit | - |
Market Cap | ₹15,912.79Cr |
based on 4 analysts
Based on 4 analysts offering long term price targets for Rites Ltd. An average target of ₹728.75
Source: S&P Global Market Intelligence
Organisation | Rites Ltd |
Headquarters | Gurgaon |
Industry | Infrastructure Developers & Operators |
E-voting on shares | Click here to vote |
Key events for Rites Ltd
RITES Ltd's high payout ratios and unreliable dividend payments over the past six years, coupled with significant share price volatility, present challenges for dividend investors. Despite a 3.1% dividend yield, cash and earnings coverage indicate potential sustainability issues.
Rites Ltd Collaborates with IIT-Madras for Green Energy Projects - 08 Apr, 2024
State-owned transport infrastructure consultancy, Rites Ltd, has signed an MoU with IIT-Madras to collaborate on green energy projects in the field of transport and mobility. The partnership aims to find novel infrastructure solutions for the transportation and storage of green hydrogen and green ammonia.
RITES Ltd's ROCE Better Than Industry Average, But Lacks Growth Opportunities - 02 Apr, 2024
RITES Ltd has a high ROCE of 21%, better than the industry average of 13%. However, its earnings and capital employed have remained mostly flat over the past five years, indicating a lack of growth opportunities. The company pays out 69% of its earnings as dividends to shareholders, suggesting limited reinvestment in the business. Additionally, RITES has a high ratio of current liabilities to total assets of 49%, introducing some risk.
Rites Secures Additional Scope Under Existing Order - 29 Mar, 2024
Rites has secured additional scope under an existing order for Rs 33.25 crore, involving replacement of mechanical signaling at 11 stations and replacement of signaling gears on age cum condition basis with EI at Delhi Kisanganj Station of Delhi Division of Northern Railway. The company's Q3 FY24 consolidated net profit declined 14.24% YoY to Rs 120.14 crore while revenue from operations rose marginally to Rs 682.89 crore. Rites shares settled 0.23% higher at Rs 664.30.
RITES Ltd to Focus on International Consultancy and Export of Rolling Stock - 19 Mar, 2024
RITES Videsh, a strategic initiative of RITES Ltd, will focus on international consultancy and export of rolling stock in markets like Vietnam. The company plans to tap various sectors including metro, airports, and institutional buildings.
RITES Receives Letter of Acceptance Worth Rs. 67.50 Crore - 18 Mar, 2024
Engineering consultancy firm RITES Limited has received a letter of acceptance (LOA) worth Rs. 67.50 crores from The National Small Industries Corporation Limited for the engagement of RITES Limited as a Quality Assurance Agency for the quality inspection of 18 trades of Toolkits under PM Vishwakarma Scheme.
Fundamentals of Rites Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
Retail Holding Up
Retail Investor have increased holdings from 12.31% to 12.52% in Mar 2024 quarter
Profit Spike
Netprofit is up for the last 2 quarters, 101.15 Cr → 120.14 Cr (in ₹), with an average increase of 15.8% per quarter
Best in 3 Years
In the last 3 years, RITES has outperformed top 5 stocks with highest market-cap in Business Support Services
Revenue Rich
Revenue is up for the last 3 quarters, 562.63 Cr → 701.66 Cr (in ₹), with an average increase of 10.4% per quarter
FII Holding Up
Foreign Institutions have increased holdings from 3.21% to 4.18% in Mar 2024 quarter
Best in 1 Year
In the last 1 year, RITES has outperformed top 5 stocks with highest market-cap in Business Support Services
Promoter Holding Unchanged
Promoters holdings remained unchanged at 72.20% of holdings in Mar 2024 quarter
MF Holding Down
Mutual Funds have decreased holdings from 4.75% to 3.38% in Mar 2024 quarter
Price Dip
In the last 7 days, RITES stock has moved down by -4.9%
Rites Ltd in the last 5 years
Lowest (9.02x)
March 23, 2020
Today (34.51x)
April 16, 2024
Industry (113.03x)
April 16, 2024
Highest (41.81x)
February 8, 2024
Funds | Holdings |
Nippon India Small Cap Fund - Direct Plan - Growth Plan | 0.67% |
SBI PSU Direct Growth | 3.29% |
Aditya Birla Sun Life PSU Equity Fund Direct Growth | 1.39% |
Nippon India Value Fund - Direct Plan - Growth Option | 0.66% |
HDFC Balanced Advantage Fund Direct Plan Growth Option | 0.04% |
Investors | Holdings % | Prev. 1 periods | 3M change |
---|---|---|---|
Promoter Holdings | 72.2% | 0.00 | |
Foreign Institutions | 4.18% | 0.00 | |
Mutual Funds | 3.38% | 0.00 | |
Retail Investors | 12.52% | 0.00 | |
Others | 7.71% | 0.00 |
Technicals of Rites Ltd share
News & Events of Rites Ltd
Rites Ltd (RITES) share price today is ₹652
Rites Ltd is listed on NSE
Rites Ltd is listed on BSE
PE Ratio of Rites Ltd is 34.51
PE ratio = Rites Ltd Market price per share / Rites Ltd Earnings per share
Today’s traded volume of Rites Ltd(RITES) is 9.37L.
Today’s market capitalisation of Rites Ltd(RITES) is ₹15912.79Cr.
Rites Ltd(RITES | Price |
---|---|
52 Week High | ₹825.95 |
52 Week Low | ₹342.3 |
Rites Ltd(RITES) share price is ₹652. It is down -21.06% from its 52 Week High price of ₹825.95
Rites Ltd(RITES) share price is ₹652. It is up 90.48% from its 52 Week Low price of ₹342.3
Rites Ltd(RITES | Returns |
---|---|
1 Day Returns | -10.2% |
1 Month Returns | 4.77% |
3 Month Returns | 27.27% |
1 Year Returns | 90.48% |