Multibagger Penny Stock: This share jumped more than 5 percent amid the fall in the market, investors are competing to buy – today the shares of rites limited got a bumper jump of more than 5 percent
[ad_1]
RITES Limited has given an impressive return of 30.47%. It is outperforming its peers like Larsen & Toubro with 12.36%, HCL 15.69% and ISGEC Heavy 10.53%. The company continues to maintain a strong dividend payout ratio of 80.8%. The company has given a bumper return of more than 80% last year. The President of India holds a significant stake of 72.20% in RITES Limited, which shows the keen interest and active involvement of the Government in the affairs of the company. Investors can include this stock in their portfolio to earn profits.
This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.
(Disclaimer: This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in any manner whatsoever. The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct , updated and verified.)
[ad_2]
Source link
