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Ideas for profit | RITES: Strong valuations despite recent run-up; Should you buy?

Despite being impacted by Covid-led stress, RITES has reported strong execution along with growth in new orders. While the stock has seen a sharp run-up in the recent months, which could pose some near-term price risk, MC Pro believes the stock still offers good value and should be accumulated on attractive valuations, quality of business and growth opportunity.

first published: Aug 30, 2022 05:06 pm

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