New Delhi, Nov. 24 -- Rites, a railway-related stock, has been witnessing severe beating from Dalal Street investors as its losses extended into the fifth straight month in November, losing a cumulative 13% of its value, reaching Rs.244.40 apiece.

Though the stock made a sharp reversal in March, ending its prolonged downturn and continuing to trade higher for the next couple of months, it resumed its losing streak in July.

The company is a multidisciplinary engineering and consultancy organization, providing a comprehensive range of services from concept to commissioning in all facets of transport infrastructure and related technologies.

Domestic brokerage firm Axis Securities expects that the stock may end its long bearish trend, citi...