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Weekly Tactical Pick | RITES

Attractive valuation and strong revenue visibility should support the RITES stock and lead to rerating

January 29, 2021 / 01:43 PM IST
Weekly Tactical Pick | RITES

railways

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - A strong play in the railways and construction space - Strong order book and improving execution to support growth - Buyback to create value, support earnings and improve return ratios - Trading at attractive valuations and offering a dividend yield of close to 6% RITES, a dual play on railways and construction sectors, offers great value, considering it’s trading at attractive valuations despite good earnings visibility, cash in the books and a robust order book. The company recently concluded its buyback and thereafter its shares have...

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