RITES Share Price Target Tomorrow 2024 To 2030- Current Graph, Market Overview

RITES Ltd is a leading engineering consultancy company in India, known for its expertise in transport infrastructure. Founded in 1974, it is a government-owned enterprise under the Ministry of Railways. RITES provides services in areas such as railways, highways, ports, airports, and urban transport. RITES Share Price on NSE as of 21 October 2024 is 299.75 INR. Here will provide you more details on RITES Share Price Target 2024, 2025, 2026 to 2030.

Rites Ltd: Market Overview

• Open Price: ₹307.45
• High Price: ₹311.90
• Low Price: ₹298.50
• Previous Close: ₹302.90
• Volume: 1,524,948
• Value (Lacs): ₹4,582.47
• VWAP: ₹303.73
• UC Limit: ₹363.45
• LC Limit: ₹242.35
• P/E ratio: 33.77
• Div yield: 3.00%
• 52-wk high: ₹412.98
• 52-wk low: ₹216.15
• Mkt cap: ₹14.43KCr
• Face Value: ₹10

RITES Share Price Chart

RITES Share Price Target Tomorrow 2024 To 2030

RITES Share Price Target 2024

RITES share price target 2024 Expected target could be ₹425. Here are three key factors that could affect the growth of RITES Ltd and its share price target in 2024:

• Government Infrastructure Spending: RITES Ltd heavily relies on government projects for its revenue. Increased spending by the Indian government on infrastructure development, particularly in railways, highways, and urban transport, can lead to higher project orders for RITES, boosting its financial performance and share price.
• International Expansion: RITES Ltd has been expanding its presence globally by offering its expertise in transport infrastructure to other countries. Successful international contracts and partnerships can enhance its growth prospects, contributing to a positive impact on its share price.

• Timely Execution of Projects: The company’s ability to complete large-scale projects on time and within budget is crucial for maintaining its reputation and profitability. Efficient project execution can lead to repeat contracts, increased investor confidence, and a potential rise in RITES’ share price.

RITES Share Price Target 2025

RITES share price target 2025 Expected target could be ₹520. Here are three key factors that could affect the growth of RITES Ltd and its share price target in 2025:

• New Infrastructure Projects: The launch of large-scale infrastructure projects, especially in sectors like railways, highways, and urban transport, can provide significant growth opportunities for RITES Ltd. More project wins could increase revenues and have a positive impact on its share price.
• Technological Advancements: Incorporating advanced technologies like smart transport solutions and digital project management tools could help RITES improve efficiency and offer better services. Embracing innovation can enhance its competitiveness and drive long-term growth, potentially boosting its share price.

• Diversification of Services: Expanding into new areas such as renewable energy, urban planning, or smart cities can provide additional growth avenues for RITES Ltd. Diversification will reduce dependency on specific sectors and may open up new revenue streams, positively influencing the company’s financial performance and share price.

RITES Share Price Target 2030

RITES share price target 2030 Expected target could be ₹1105. Here are three potential risks and challenges that could affect the RITES Ltd share price target in 2030:

• Dependence on Government Contracts: A significant portion of RITES’ revenue comes from government infrastructure projects. Any reduction in government spending or delays in project approvals could impact the company’s order book and profitability, posing a challenge to its growth and share price in the long term.
• Global Economic Conditions: As RITES continues to expand internationally, global economic fluctuations, such as recessions or changes in trade policies, could affect its overseas contracts. Economic downturns may lead to project delays or cancellations, which could negatively impact the company’s financial performance and share price.

• Competition and Technological Disruption: Increasing competition from both domestic and international firms, along with the rapid pace of technological change, could pose challenges for RITES. Failure to adapt to new technologies or maintain a competitive edge in its services could hinder growth and affect investor confidence, potentially putting downward pressure on its share price by 2030.

Shareholding Pattern For Rites Ltd

• Promoter: 72.2%
• FII: 3.19%
• DII: 9.64%
• Public: 14.97%

For more details follow the official webpage: https://www.rites.com/

Rites Ltd Financials

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