Buy RITES; target of Rs 432: Joindre Capital Services
Joindre Capital Services is bullish on RITES has recommended buy rating on the stock with a target price of Rs 432 in its research report dated December 13, 2018.
December 14, 2018 / 03:37 PM IST
Joindre Capital Services' research report on RITES
RITES Limited is a wholly owned Government Company, a Miniratna enterprise. It is a leading player in the transport consultancy and engineering sector in India with diversified services and geographical reach. Rites offers services in transport infrastructure consultancy and engineering services consisting of conducting techno-economic feasibility studies and preparation of detailed project reports, design engineering activities, procurement assistance, project management activities, quality assurance, inspection, training, construction supervision, materials system management, transaction advisory and commissioning support including operation and maintenance
Hence we believe that the Rites stock should be purchased at the current price for a price target of around Rs 432 over the next 18 months.
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