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LORD JESUS CHRIST SAYS

Ask and it will be given. Seek and you will find. Knock and the door will be opened for you. –Luke 11:9

18 Dec 2018

STOCK MARKET--• Broker recommendation--Buy RITES; target of Rs 432{current price rs.288}


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

Outlook

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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