RITES (Mid Cap - Next Multibagger) Share Target 2024, 2025 To 2039
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RITES Limited |
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Price: ₹280.70 | ||
| 52 Week Low: ₹267.00 52 Week High: ₹825.95 |
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| Market Capital: 18,022.65 Crore (Midcap) | |||
| Industrials -> Engineering & Construction | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: RITES Share Price Target For 2024
- 1.1.1: RITES Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: RITES Share Price Target For 2025
- 1.2.1: RITES Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: RITES Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: RITES Brief Company Overview
- 4: RITES Financial Performance
- 4.0.1: Is RITES A Good Buy For Long Term?
To predict the RITES's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
RITES Share Price Target For 2024
The line chart displays the monthly closing prices of RITES with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for RITES shares in 2024, see the table below.
RITES Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 292.5 (+4.2%) | Price Action: 31 Oct 2024 Low |
| 2024 Target 2 | 289.28 (+3.05%) | Price Action: Sep 2024 Low |
| 2024 Target 1 | 286.0 (+1.88%) | Price Action: 04 Dec 2024 Low |
| Current Price | 280.70 | RITES's share price as of 23 Dec 2024 |
| Stop Loss 1 | 278.1 (-0.93%) | Price Action: 13 Nov 2024 High |
| Stop Loss 2 | 274.6 (-2.18%) | Price Action: 18 Nov 2024 High |
| Stop Loss 3 | 271.6 (-3.25%) | Price Action: 28 Oct 2024 Low |
Short-Term Technical Outlook
Current Technical Position: RITES is displaying bearish momentum trading below key moving averages.
Key Technical Level: The 25-day moving average at ₹289.28 serves as the nearest technical reference point.
Historical Returns: 3-month: -16.88% | 6-month: -16.38% | 1-year: +16.47%
RITES Share Price Target For 2025
The line chart displays the monthly closing prices of RITES with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for RITES shares in 2025, see the table below.
RITES Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 404.66 (+44.16%) | Price Action: Chart |
| 2025 Target 2 | 397.11 (+41.47%) | Price Action: Chart |
| 2025 Target 1 | 393.18 (+40.07%) | Fibonacci Extension Level 64.90% |
| Current Price | 280.70 | RITES's share price as of 23 Dec 2024 |
| Stop Loss 1 | 252.45 (-10.07%) | Price Action: Dec 2023 High |
| Stop Loss 2 | 249.93 (-10.97%) | Price Action: Chart |
| Stop Loss 3 | 244.64 (-12.85%) | Price Action: Oct 2023 High |
Long-Term Technical Outlook
52-Week Range Analysis: RITES is currently trading near its 52-week low of ₹267, indicating potential value opportunity.
Long-Term Trend Analysis: The stock is in a bearish long-term trend, trading below key long-term moving averages.
Long-Term Performance: 1-year: +16.47% | 3-year: +154.37% | 5-year: +178.99%
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Approach 2: Machine Learning By Studying Historical Prices
RITES Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹280.70 | ||
| 2024 | ₹353.29 | +25.86% | ₹370.38 |
| 2025 | ₹295.83 | -16.26% | ₹340.29 |
| 2026 | ₹182.38 | -38.34% | ₹305.38 |
| 2027 | ₹670.02 | +267.37% | ₹709.15 |
| 2028 | ₹743.52 | +10.96% | ₹754.67 |
| 2029 | ₹729.14 | -1.93% | ₹761.43 |
| 2030 | ₹795.68 | +9.12% | ₹807.62 |
| 2031 | ₹796.34 | +0.08% | ₹812.25 |
| 2032 | ₹798.66 | +0.29% | ₹846.62 |
| 2033 | ₹880.99 | +10.3% | ₹894.20 |
| 2034 | ₹859.15 | -2.47% | ₹898.41 |
| 2035 | ₹932.66 | +8.55% | ₹954.92 |
| 2036 | ₹928.87 | -0.4% | ₹949.72 |
| 2037 | ₹927.30 | -0.16% | ₹984.09 |
| 2038 | ₹1,018.45 | +9.82% | ₹1,033.73 |
| 2039 | ₹995.14 | -2.28% | ₹1,010.07 |
Note: Target 1 and Target 2 represent price levels that the stock is most likely to achieve during the respective year, based on machine learning algorithms analyzing historical price patterns and market behavior. These predictions are generated through comprehensive analysis of the stock's historical data using advanced ML models.
RITES Brief Company Overview
Company Overview: RITES Limited Established in 1974, RITES Limited is a renowned provider of consultancy, engineering, and project management services in various infrastructure sectors, including railways, highways, and renewable energy. With a strong market presence...
in India, Asia, and Africa, the company has built a solid reputation for delivering high-quality solutions to its clients. Key Products and Services: Consultancy services Project management Feasibility studies and detailed engineering Turnkey construction projects Leasing of railway rolling stock Export of railway equipment and spares Renewable energy projects (wind and solar) Commitment to Quality: RITES Limited is committed to delivering exceptional services and maintaining the highest standards of quality. As a testament to its commitment, the company has been recognized and awarded for its excellence in various industry forums.RITES Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 18,022.65 Crore | Market valuation of RITES's shares. |
| Revenue (TTM) | 2,496.41 Crore | Total revenue generated by RITES over the past twelve months. |
| Net Income (TTM) | +461.31 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +22.54% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +18.47% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
+0.8% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
-14.2% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio |
0.17 | Company's total debt divided by total shareholder equity. |
| Total Debt | 4.79 Crore | Sum of RITES's current & long-term financial obligations. |
| Total Cash | 886.64 Crore | Total amount of liquid funds available to RITES. |
| Beta | 0.1 | Beta is less than 1 indicating that the RITES's price is less volatile than the market. |
Is RITES A Good Buy For Long Term?
RITES is a strong buy for long-term investors. Its revenue has been growing steadily, and its profit margin is healthy. The company has a strong balance sheet with low debt and ample cash on hand. The stock has performed well over the past year, and its returns have outpaced the market.
Disclaimer: The information provided on this page is for educational purposes only and should not be considered as financial advice. Historical performance data and technical analysis cannot guarantee future results. Stock investments are subject to market risks. Please consult with a qualified financial advisor before making any investment decisions.
All stock data shown is sourced from publicly available information and while we strive for accuracy, we cannot guarantee the absolute accuracy of all figures. Users should verify critical information from official sources before making investment decisions.
