Rites IPO: Subscribe the issue

AUM CAPITAL | June 20, 2018, 9:48 a.m.

Recommendation–  Indian  Railways  has  one  of  the  world’s  largest  rail networks  and  GoI’s  new  thrust  towards  ‘Make  in  India’  and  focus  on  making  India self-reliant will witness a host of  opportunities for the company. Given RITES competence along with its preferred consultant of Indian Railways along 
with other government authorities with exposure to international operations, stable  business  model,  strong  order  book,  healthy  financials,  and  technical expertise with specialized domain knowledge would provide a healthy growth trajectory.  Hence, we recommend to SUBSCRIBE the issue with medium to long term perspective.

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