Stock of Interest

Posted On: October 5, 2023

Stock Report: RITES(NSE) 04 Oct 2023

RITES Ltd is a multi-disciplinary consultancy organization. The company’s operating segment includes Consultancy Services, Leasing of railway rolling stock and equipment, Export of rolling stock, equipment and spares, Turnkey Construction Projects, and Power Generation. The firm generates a majority of its revenue from Consultancy services. The firm operates in various sectors such as airports, highways, bridge and tunnel engineering, and industrial engineering among others. Geographically, it derives a majority of revenue from India.

#xCalData predicts that # RITES will continue its bearish phase over the next five days and trend within the range of 461 to 503. . 

In comparison to the previous month, the price of the stock has experienced a decline of 4.28% indicating a bearish. .

The Stock has doubled once since 17 Jul 2018 and took an average of 1.4 years to double.  

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Relative Strength indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days.

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