New Delhi, Nov. 24 -- RITES Ltd has been under pressure on the bourses, with the PSU engineering and consultancy company losing 11% in the past one year, shedding 10% over the last six months, and falling 5% in the past three months. Despite this subdued stock performance, analysts believe the downside may now be limited and that the stock is poised for a rebound.

Axis Securities has turned constructive on the counter, naming RITES as its 'Pick of the Week' on the back of a strong order book, improving export momentum and expectations of a meaningful contribution from turnkey projects starting Q4FY26. The brokerage has recommended a 'Buy' rating with a target price of Rs.271, implying a potential 10% upside over a 6-9 month horizon.

RIT...