Today’s stock to be analyzed is RITES Ltd.
RITES Limited also known as Rail India Technical and Economic Service was established as a public limited company under the Companies Act, 1956 on 26th of April,1974 in Delhi.
Rites is a wholly-owned Government Company, leading player in the transport consultancy and engineering sector in India and the only company having diversified services and geographical reach in this field under one roof. It has an experience spanning 44 years and has undertaken projects in over 55 countries including Asia, Africa, Latin America, South America and Middle East regions.
The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia). It was incorporated by the Ministry of Railways and has the benefit of being associated with the Indian Railways, which is the fourth-longest rail network in the world.