09 October 2026 · time not stated
RITES Limited
Way2Wealth Brokers Pvt. Ltd. · ACCUMULATE · target Rs 780.0 (+13.6%); fair value of Rs 760-780
The report says RITES' Q4FY24 revenue fell 8% YoY to Rs 6.1bn with PAT down 11.1% YoY to Rs 1.23bn, that the order book stood at Rs 56.9bn with a Rs 9bn Bangladesh LOA received in May'24 and management guiding to margins of 25-27% and PAT margins near 20%, and it rates the stock ACCUMULATE with a fair value of Rs 760-780 against a CMP of Rs 686.7.
From RR31052024b8fdd, written by Way2Wealth Brokers Pvt. Ltd. and hosted by Way2Wealth. Orivam summarised it; the view is Way2Wealth Brokers Pvt. Ltd.'s, not Orivam's.
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