RITES - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.3
| Stock Code | RITES | Market Cap | 9,477 Cr. | Current Price | 197 ₹ | High / Low | 316 ₹ |
| Stock P/E | 23.8 | Book Value | 52.4 ₹ | Dividend Yield | 3.83 % | ROCE | 20.0 % |
| ROE | 15.1 % | Face Value | 10.0 ₹ | DMA 50 | 216 ₹ | DMA 200 | 240 ₹ |
| Chg in FII Hold | -0.05 % | Chg in DII Hold | -0.03 % | PAT Qtr | 95.5 Cr. | PAT Prev Qtr | 102 Cr. |
| RSI | 37.8 | MACD | -7.39 | Volume | 6,10,529 | Avg Vol 1Wk | 5,81,029 |
| Low price | 188 ₹ | High price | 316 ₹ | PEG Ratio | -2.81 | Debt to equity | 0.00 |
| 52w Index | 7.00 % | Qtr Profit Var | 0.55 % | EPS | 8.30 ₹ | Industry PE | 15.2 |
📊 Analysis: RITES shows weak-to-moderate intraday potential. Current price (₹197) is below both 50 DMA (₹216) and 200 DMA (₹240), reflecting bearish sentiment. RSI at 37.8 indicates near oversold territory, while MACD (-7.39) confirms negative momentum. Volume is slightly above the 1-week average, showing steady participation. The stock is trading close to its 52-week low (₹188), limiting upside momentum.
💰 Optimal Buy Price: Around ₹195–197 if support holds.
🎯 Profit-Taking Levels: ₹205–210 (short-term resistance).
🛡️ Stop-Loss: ₹190 (below near-term support).
⏱️ If Already Holding: Exit near ₹205–210 if momentum slows. If price breaks below ₹190 with strong volume, consider intraday exit to protect capital.
Positive
- Strong ROCE (20.0%) and ROE (15.1%).
- Dividend yield of 3.83% adds investor appeal.
- Debt-free balance sheet (Debt-to-equity 0.00).
- Quarterly PAT stable at ₹95.5 Cr.
Limitation
- Current price below both 50 DMA and 200 DMA, showing weakness.
- PEG ratio negative (-2.81), reflecting poor earnings growth outlook.
- EPS at ₹8.30 is modest compared to peers.
Company Negative News
- Quarterly PAT declined slightly (₹95.5 Cr vs ₹102 Cr).
- FII (-0.05%) and DII (-0.03%) holdings reduced.
- Stock trading near 52-week low.
Company Positive News
- Dividend yield supports investor sentiment.
- Strong ROCE and ROE compared to industry averages.
- Debt-free structure ensures financial stability.
Industry
- Industry PE at 15.2, RITES trades at a premium (23.8).
- Infrastructure and engineering sector benefits from government projects, though cyclical risks remain.
Conclusion
⚖️ RITES is a weak-to-moderate candidate for intraday trading today. While fundamentals like ROCE, ROE, and dividend yield are supportive, momentum indicators remain bearish and the stock is near its 52-week low. Traders should avoid aggressive entries, only attempting small trades near support with strict stop-loss discipline. Long-term investors may hold for fundamentals, but intraday upside remains limited.
Would you like me to prepare a peer benchmarking overlay with infrastructure players like IRCON, NBCC, and Engineers India so you can compare RITES’s intraday setup against sector peers for confirmation signals?