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RITES Share Price Target 2024, 2025, 2026 to 2039 With Charts
RITES Limited | |||
 | Symbol: RITES | ||
| Price: ₹273.64 | |||
| Exchange: NSE | |||
| Industrials -> Engineering & Construction | |||
Show Table of Contents
Table of Contents
- 1: RITES Brief Company Overview
- 1.1: Company Overview: RITES Limited
- 1.2: RITES Financial Performance
- 1.2.1: Is RITES A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: RITES Share Price Target For 2024
- 2.1.1: RITES Share Price Target Table For 2024
- 2.1.2: Summary: RITES Share Price Prediction For 2024
- 2.2: RITES Share Price Target For 2025
- 2.2.1: RITES Share Price Target Table For 2025
- 2.2.2: Summary: RITES Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: RITES Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: RITES Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: RITES Past Performance
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)
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 | 16,726.22 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.
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
| RITES's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 281.40 (+2.83%) | Price Action: Sep 2022 Low |
| 2024 Target 2 | 278.40 (+1.73%) | Price Action: Feb 2022 High |
| 2024 Target 1 | 275.62 (+0.72%) | Custom Fibonacci Extension Lvl 23.6% |
| Current Price | 273.64 | RITES's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 273.00 (-0.24%) | Price Action: Mar 2021 High |
| Stop Loss 2 | 270.10 (-1.3%) | Price Action: Oct 2021 Low |
| Stop Loss 3 | 267.30 (-2.32%) | Price Action: Jul 2021 Low |
Summary: RITES Share Price Prediction For 2024
In summary, RITES has declined by ₹-228.76, recording a notable -45.53% decrease from 1st January 2024 to 21 Nov 2024. Despite the setback, our analysis of RITES for 2024 predicts an additional rise of 0.72% to 2.83% by the end of 2024 with three potential targets T1: 275.62, T2: 278.40, T3: 281.40. Stop Loss at SL1: 273.00, SL2: 270.10, SL3: 267.30.
RITES has a 52-week high of ₹825.95, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹267.00, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for RITES.
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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
| RITES's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 627.53 (+129.32%) | Technical Indicator: MA200 |
| 2025 Target 2 | 615.82 (+125.04%) | Price Action: Chart |
| 2025 Target 1 | 609.72 (+122.81%) | Technical Indicator: MA150 |
| Current Price | 273.64 | RITES's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 185.75 (-32.12%) | Price Action: Chart |
| Stop Loss 2 | 183.89 (-32.8%) | Price Action: Chart |
| Stop Loss 3 | 180.58 (-34.01%) | Price Action: Chart |
Summary: RITES Share Price Prediction For 2025
In summary, RITES has declined by ₹-228.76, recording a notable -45.53% decrease from 1st January 2024 to 21 Nov 2024. Despite the setback, our analysis of RITES for 2025 predicts an additional rise of 122.81% to 129.32% by the end of 2025 with three potential targets T1: 609.72, T2: 615.82, T3: 627.53. Stop Loss at SL1: 185.75, SL2: 183.89, SL3: 180.58.
RITES has a All-Time high of ₹825.95, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹267.00, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for RITES, we have created a specific page for that check here: RITES Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
RITES Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of RITES share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 7.99% over the next 15 years.
For complete year by year RITES long term share price target from 2024, 2025 to 2039 check the below table.
RITES Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | RITES Target | YoY Change % |
|---|---|---|
| 2024 | ₹273.64 | [Current Price] |
| 2024 | ₹352.96 | 28.98% |
| 2025 | ₹295.83 | -16.19% |
| 2026 | ₹182.38 | -38.35% |
| 2027 | ₹670.02 | 267.37% |
| 2028 | ₹743.52 | 10.96% |
| 2029 | ₹729.14 | -1.94% |
| 2030 | ₹795.68 | 9.12% |
| 2031 | ₹796.34 | 0.08% |
| 2032 | ₹798.66 | 0.29% |
| 2033 | ₹880.99 | 10.3% |
| 2034 | ₹859.15 | -2.48% |
| 2035 | ₹932.66 | 8.55% |
| 2036 | ₹928.87 | -0.41% |
| 2037 | ₹927.3 | -0.17% |
| 2038 | ₹1,018.45 | 9.82% |
| 2039 | ₹1,035.4 | 1.66% |
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RITES Past Performance
- In 2018, RITES opening price was ₹169.72
- As of Thu 21 Nov 2024 the price stands at ₹273.64.
- This represents a Compound Annual Growth Rate (CAGR) of 7.06%.
- In 6 years, an investment of 10,000 would have become ₹16,123.02.
As we wrap up, we hope you like our study on RITES share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
