TURNING BULLISH: RITES
RITES HAS BEEN IN A DOWNTREND FOR THE PAST COUPLE OF MONTHS.
RECENTLY IT HAS BOUNCED BACK STRONGLY FROM THE SUPPORT LEVEL OF 648.
NEXT RESISTANCE LEVELS: 767 - 783.
CONS: Sharp decline in quarterly profit from Rs. 176 Cr (Mar 2024) to Rs. 106 Cr. (Jun 2024).
Similarly, sales declined from Rs. 2,628 Cr (Mar 2023) to Rs. 2,453 Cr (Mar 2024).
RECENTLY IT HAS BOUNCED BACK STRONGLY FROM THE SUPPORT LEVEL OF 648.
NEXT RESISTANCE LEVELS: 767 - 783.
CONS: Sharp decline in quarterly profit from Rs. 176 Cr (Mar 2024) to Rs. 106 Cr. (Jun 2024).
Similarly, sales declined from Rs. 2,628 Cr (Mar 2023) to Rs. 2,453 Cr (Mar 2024).
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