24 Nov 2025 | 5 Mins Read
Can multibagger Rites stage a comeback
Flipitmoney
Rites stock loses 13% of value since November, reaching ₹244.40. Axis Securities expects improvement in earnings and a strong order book to end the bearish trend. The company secured 150 new orders worth ₹851 crore, boosting its ₹9,090 crore order book with 34% in high-margin consultancy segment. The brokerage maintains 'buy' rating with a ₹271 target price, indicating an 11% upside.