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LORD JESUS CHRIST SAYS

“You must love the Lord your God with all your heart, all your soul, and all your mind.’ This is the first and greatest commandment. A second is equally important: ‘Love your neighbor as yourself.’ The entire law and all the demands of the prophets are based on these two commandments.” Jesus Christ, Matthew 22:36-40

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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