Is RITES a good buy?
The company has strong balance sheet position and high dividend payout. It remains positive on the company due to its strong revenue visibility owing to robust order book. It maintains BUY rating on RITES with a target of Rs. 370 per share.
Stock prices change everyday by market forces. … If more people want to buy a stock (demand) than sell it (supply), then the price moves up. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall.
Are RITES debt free?
What Is RITES’s Debt? The image below, which you can click on for greater detail, shows that RITES had debt of ₹288.8m at the end of March 2021, a reduction from ₹474.7m over a year. But on the other hand it also has ₹12.2b in cash, leading to a ₹11.9b net cash position.
Who is promoter of rites?
presents the Promoter’s holding, FII’s holding, DII’s Holding, and Share holding by general public etc.
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PREMARKET.
| Shareholding Pattern – Rites Ltd. | ||
|---|---|---|
| Holder’s Name | No of Shares | % Share Holding |
| NoOfShares | 240301887 | 100% |
| Promoters | 173504773 | 72.2% |
| ForeignInstitutions | 2669732 | 1.11% |
Is rites a PSU company?
RITES is incorporated in India as a Public Limited Company under the Companies Act, 1956 and is governed by a Board of Directors which includes persons of eminence from various sectors of engineering and management.
What is the full form of rites?
Rail India Technical and Economic Service Limited, abbreviated as RITES Ltd, is under the ownership of Indian Railways, Ministry of Railways, Government of India and an engineering consultancy corporation, specializing in the field of transport infrastructure.
Can stocks make you rich?
Unquestionably, stocks can make many small investors wealthy in just a few years. … But those returns won’t make small investors rich in a few years. The latter goal can be accomplished by correctly identifying a few struggling and/or vastly undervalued companies that are turning themselves around.
Will market fall again India?
A poll of strategists, conducted by news agency Reuters, indicated that domestic equities will not recover from recent losses until after mid-2022. This is due to concerns over Covid-19 resurgence and global monetary tightening. Further corrections can also be expected in the next six months.
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When rites dividend will be credited?
RITES Ltd.
| Announcement Date | Ex-Date | Remarks |
|---|---|---|
| 06-02-2020 | 17-02-2020 | Rs.4.0000 per share(40%)Interim Dividend |
| 27-12-2019 | 09-01-2020 | Rs.6.0000 per share(60%)Interim Dividend |
| 29-05-2019 | 10-07-2019 | Rs.4.0000 per share(40%)Final Dividend |
| 11-03-2019 | 20-03-2019 | Rs.4.0000 per share(40%)Second Interim Dividend |