RITES (India) Price on October 29, 2024

RITES Stock   287.85  1.55  0.54%   
Below is the normalized historical share price chart for RITES Limited extending back to July 03, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of RITES stands at 287.85, as last reported on the 5th of December, with the highest price reaching 291.70 and the lowest price hitting 286.00 during the day.
200 Day MA
333.4165
50 Day MA
298.996
Beta
0.146
 
Covid
If you're considering investing in RITES Stock, it is important to understand the factors that can impact its price. RITES Limited maintains Sharpe Ratio (i.e., Efficiency) of -0.0566, which implies the firm had a -0.0566% return per unit of standard deviation over the last 3 months. RITES Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RITES's Coefficient Of Variation of (2,760), risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.22) to confirm the risk estimate we provide.
  
As of the 5th of December 2024, Total Stockholder Equity is likely to drop to about 23.5 B. In addition to that, Common Stock Shares Outstanding is likely to drop to about 294 M. RITES Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0566

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Negative ReturnsRITES

Estimated Market Risk

 2.83
  actual daily
25
75% of assets are more volatile

Expected Return

 -0.16
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average RITES is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of RITES by adding RITES to a well-diversified portfolio.
Price Book
5.3262
Enterprise Value Ebitda
16.6096
Price Sales
5.8524
Shares Float
133.5 M
Dividend Share
7.875

RITES Valuation on October 29, 2024

It is possible to determine the worth of RITES on a given historical date. On October 29, 2024 RITES was worth 283.05 at the beginning of the trading date compared to the closed value of 292.64. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of RITES stock. Still, in general, we apply an absolute valuation method to find RITES's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of RITES where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against RITES's related companies.
 Open High Low Close Volume
  277.09    286.13    269.84    283.45    1,313,013  
10/29/2024
  283.05    294.08    280.22    292.64    1,419,341  
  293.98    304.11    291.05    292.59    2,275,617  
Backtest RITES  |  RITES History  |  RITES Valuation   PreviousNext  
Open Value
283.05
274.56
Downside
292.64
Closing Value
291.54
Upside

RITES Trading Date Momentum on October 29, 2024

On October 30 2024 RITES Limited was traded for  292.59  at the closing time. The highest price during the trading period was 304.11  and the lowest recorded bid was listed for  291.05 . The volume for the day was 2.3 M. This history from October 30, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.02% . The trading delta at closing time to the current price is 1.55% .

RITES Limited Fundamentals Correlations and Trends

By evaluating RITES's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among RITES's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. RITES financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About RITES Stock history

RITES investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for RITES is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in RITES Limited will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing RITES stock prices may prove useful in developing a viable investing in RITES
Last ReportedProjected for Next Year
Common Stock Shares Outstanding480.6 M294 M
Net Income Applicable To Common Shares6.2 B4.8 B

RITES Quarterly Net Working Capital

17.74 Billion

RITES Stock Technical Analysis

RITES technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of RITES technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of RITES trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

RITES Period Price Range

Low
December 5, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

RITES Limited cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

RITES December 5, 2024 Market Strength

Market strength indicators help investors to evaluate how RITES stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RITES shares will generate the highest return on investment. By undertsting and applying RITES stock market strength indicators, traders can identify RITES Limited entry and exit signals to maximize returns

RITES Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for RITES's price direction in advance. Along with the technical and fundamental analysis of RITES Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of RITES to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Other Information on Investing in RITES Stock

RITES financial ratios help investors to determine whether RITES Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in RITES with respect to the benefits of owning RITES security.