RITES - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.4
| Stock Code | RITES | Market Cap | 9,917 Cr. | Current Price | 206 ₹ | High / Low | 316 ₹ |
| Stock P/E | 24.8 | Book Value | 53.4 ₹ | Dividend Yield | 3.66 % | ROCE | 20.6 % |
| ROE | 15.7 % | Face Value | 10.0 ₹ | DMA 50 | 212 ₹ | DMA 200 | 228 ₹ |
| Chg in FII Hold | 0.01 % | Chg in DII Hold | 0.07 % | PAT Qtr | 136 Cr. | PAT Prev Qtr | 95.5 Cr. |
| RSI | 42.7 | MACD | -2.22 | Volume | 3,71,284 | Avg Vol 1Wk | 4,66,277 |
| Low price | 175 ₹ | High price | 316 ₹ | PEG Ratio | -2.78 | Debt to equity | 0.00 |
| 52w Index | 22.1 % | Qtr Profit Var | 1.39 % | EPS | 8.34 ₹ | Industry PE | 17.1 |
Analysis:
RITES is trading at 206 ₹, below both DMA 50 (212 ₹) and DMA 200 (228 ₹), showing short-term weakness. RSI at 42.7 indicates neutral-to-weak momentum, while MACD at -2.22 suggests bearish crossover. Volume (3,71,284) is below the 1-week average (4,66,277), reflecting reduced participation. Fundamentals remain decent with ROCE (20.6%) and ROE (15.7%), but valuation (P/E 24.8 vs industry 17.1) is stretched. Debt-free balance sheet is a positive, though PEG ratio (-2.78) signals weak growth prospects.
Optimal Buy Price:
Entry zone: 202–206 ₹ if price stabilizes with rising volume.
Exit Levels:
- Profit-taking: 212–218 ₹ (near-term resistance)
- Stop-loss: 198 ₹ (below intraday support)
If Already Holding:
Exit intraday if price fails to hold above 202 ₹ or if MACD weakens further. Trail stop-loss to 206 ₹ once price moves above 212 ₹.
---
Positive
- Strong ROCE (20.6%) and ROE (15.7%)
- Dividend yield at 3.66% supports income investors
- Debt-free balance sheet ensures financial stability
- PAT growth (95.5 Cr. → 136 Cr.) supports fundamentals
Limitation
- High P/E (24.8 vs industry 17.1) indicates premium valuation
- PEG ratio (-2.78) reflects poor growth prospects
- Price trading below DMA 50 and DMA 200 signals technical weakness
- Volume below average reduces intraday conviction
Company Negative News
- Weak momentum indicators (MACD negative, RSI below 50)
- Valuation stretched compared to peers
Company Positive News
- PAT growth supports earnings visibility
- DII inflows (+0.07%) reflect domestic investor confidence
- EPS at ₹8.34 provides valuation comfort
Industry
- Industry PE at 17.1 highlights sector trading at lower multiples
- Infrastructure and engineering demand supports long-term growth
- Competitive landscape with PSU peers offering similar services
Conclusion
RITES is a moderate intraday candidate with decent fundamentals but weak technicals. Optimal buy near 202–206 ₹ with profit exits around 212–218 ₹. Stop-loss at 198 ₹ is essential. Existing holders should trail stops and monitor MACD/volume closely for intraday exit signals.
This structured HTML report captures RITES’s intraday setup with clear entry/exit logic. Would you like me to extend this into a swing trade overlay or peer benchmarking analysis for broader sector clarity?