RITES - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.4
| Stock Code | RITES | Market Cap | 10,738 Cr. | Current Price | 224 ₹ | High / Low | 316 ₹ |
| Stock P/E | 27.0 | Book Value | 52.4 ₹ | Dividend Yield | 3.37 % | ROCE | 20.0 % |
| ROE | 15.1 % | Face Value | 10.0 ₹ | DMA 50 | 232 ₹ | DMA 200 | 249 ₹ |
| Chg in FII Hold | -0.05 % | Chg in DII Hold | -0.03 % | PAT Qtr | 102 Cr. | PAT Prev Qtr | 66.6 Cr. |
| RSI | 45.8 | MACD | -3.67 | Volume | 7,84,075 | Avg Vol 1Wk | 9,28,843 |
| Low price | 192 ₹ | High price | 316 ₹ | PEG Ratio | -3.19 | Debt to equity | 0.00 |
| 52w Index | 25.6 % | Qtr Profit Var | 18.9 % | EPS | 8.29 ₹ | Industry PE | 17.1 |
📊 Analysis: RITES shows moderate strength for intraday trading. Current price (₹224) is below both 50 DMA (₹232) and 200 DMA (₹249), reflecting bearish bias. RSI at 45.8 indicates neutral-to-weak momentum, while MACD (-3.67) confirms short-term weakness. Volume is lower than weekly average, limiting intraday participation. Fundamentals remain decent with ROCE (20.0%), ROE (15.1%), and debt-free balance sheet, but valuation (P/E 27 vs industry 17.1) is stretched. Dividend yield (3.37%) adds investor confidence, while sequential PAT growth supports earnings visibility.
💹 Optimal Buy Price: Around ₹222–₹224 (near support zone).
🎯 Profit-Taking Exit Levels: ₹230–₹235 (short-term resistance zone).
🛡️ Stop-Loss / Loss Protection: ₹218 (below intraday support).
⏱️ If Already Holding: Consider exiting if price fails to sustain above ₹224 or RSI drops below 43 intraday. If momentum improves with volume, partial profit booking near ₹230–₹235 is advisable.
Positive
- Strong ROCE (20.0%) and ROE (15.1%) reflect efficient capital use.
- Debt-free balance sheet ensures financial stability.
- Dividend yield of 3.37% adds investor confidence.
- Sequential PAT growth (₹66.6 Cr → ₹102 Cr) shows earnings improvement.
Limitation
- Price trading below both 50 DMA and 200 DMA, reflecting bearish trend.
- MACD negative (-3.67) indicates short-term weakness.
- Volume lower than weekly average, limiting intraday momentum.
- High P/E (27.0) compared to industry average (17.1), showing overvaluation risk.
- PEG ratio (-3.19) highlights poor valuation relative to growth.
Company Negative News
- Minor reduction in FII holding (-0.05%) and DII holding (-0.03%).
- Stock trading near lower end of 52-week range (Index 25.6%).
Company Positive News
- Quarterly PAT improved sequentially (+18.9%).
- Debt-free structure provides resilience.
Industry
- Industry P/E at 17.1, lower than RITES’s valuation, highlighting relative overvaluation.
- Infrastructure and engineering sector outlook supported by government projects and demand cycles.
Conclusion
⚠️ RITES is a moderate candidate for intraday trading today. While fundamentals are decent and debt-free balance sheet adds stability, technicals remain weak with price below DMA levels, negative MACD, and low volume. Traders should adopt a cautious approach: Buy near ₹222–₹224, book profits around ₹230–₹235, and protect downside with stop-loss at ₹218.
Would you like me to also prepare a peer benchmarking overlay comparing RITES with IRCON and RVNL, so you can evaluate relative intraday strength within the railway infrastructure sector?