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Rites Pacing Ahead On The Right Track

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RITES Ltd is a newbie in the secondary market as it recently got listed on the bourses on July 2, 2018. RITES is a Mini-Ratna company formed under the patronage of the Indian Railways. The company is involved in transport consultancy and engineering sector in India. The company has diversified services and extensive geographical reach, all under one roof. During the span of around 44 years, the company has undertaken projects in over 55 countries in Asia, Africa, Latin America, South America and Middle East regions. 

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Index trend and stocks in action March 19, 2019

Karan DSIJ / Article rating: 5.0

Going ahead, Tuesday’s opening levels and trajectory post opening would be extremely crucial for the index. If the index slips below the Monday’s session low of 11,412 and trades convincingly below this level, then there is high probability that Monday’s high point of 11,530 would become a temporary top for the index. Stocks in news: HCL Technologies, LT, Reliance Industries, Orbit Exports, Aarti Industries, Hotel Leelaventure, Adani Ports, Vakrangee and Canara Bank.

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