Rites Ltd. Faces Potential Trend Reversal Amid Broader Market Decline

May 20 2025 10:05 AM IST
share
Share Via
Rites Ltd., a midcap construction firm, saw a notable decline on May 20, 2025, following a six-day gain streak. The stock's performance has been mixed, trading above key moving averages despite underperforming its sector. Over the past year, Rites has faced significant challenges, contrasting with recent short-term gains.
Rites Ltd., a midcap player in the construction industry, experienced a significant decline of 5.15% on May 20, 2025. This drop comes after a six-day streak of gains, indicating a potential trend reversal. The stock reached an intraday low of Rs 278.5, reflecting a decrease of 5.64% during the trading session.

In terms of performance metrics, Rites has underperformed its sector, which saw a decline of 3.35%. Despite today's downturn, Rites is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a mixed technical outlook.

On a broader market scale, the Sensex opened flat but later fell by 275.35 points, closing at 81,840.82, a decrease of 0.27%. Rites' performance over various time frames shows a stark contrast; while it has gained 19.47% over the past week and 25.02% over the last three months, it has struggled over the longer term, with a 22.19% decline over the past year. Year-to-date, Rites is down 4.52%, compared to the Sensex's gain of 4.79%.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News