Stock market is full of uncertainties with Lok Sabha Election 2019 underway and whether there would be a new government or the current government would roar back to power has divided the share market experts. However, rather going by the common views on Dalal Street movement, market experts are suggesting equity investors choose stocks from their fundamental and technical perspective. On that basis, today's stock market is RITES. The stock was trading at Rs 247 at around 1246 hours and the infrastructure share is expected to touch Rs 350/stock levels in one year or 12-month perspective, giving around 40 per cent return in one year. Share market experts are of the opinion that RITES share price will touch Rs 350 per shares as its valuation matrix and daily chart breakout is positive while the stock is technically positive too.

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Speaking on the fundamentals of the stock, Prakash Pandey, Head of Research at Fairwealth Securities said, "RITES is one of the most promising stocks today as its valuation matrix and daily chart breakout is quite positive. The stock would pick momentum once the Lok Sabha Elections 2019 are over." Pandey said that whichever government comes, they would have to focus on the infrastructure and being a semi-government company RITES share price is expected to get the benefit of this. 

On his suggestion to the stock market investors, Prakash Pandey of Fairwealth Securities said, "RITES share price has strong support at Rs 220-225 per share levels and can show Rs 280/stock levels in mid-term means two to three months. However, if a stock market investor holds this stock for one year, the RITES share price would touch around Rs 350/stock levels easily." He suggested investors buy the counter at the spot and add further if its dips up to 230-235 per RITES share levels.

Standing in sync with Prakash Pandey of Fairwealth Securities Nisha Sankhala, Analyst, HDFC Securities said, "RITES revenue of Rs 1503 Crore in FY18 is expected to grow at 20 per cent CAGR (Cumulative Annual Growth Rate) between FY18-21E  and  net  profit of Rs 348 Crore in FY18 is estimated to grow at 26 per cent CAGR between FY18-21E. It is trading at 8.3x FY20E earning and 7x FY21E earnings." She said that RITES share price would at least touch Rs 299 levels in 12 months and suggested stock market investors to buy RITES shares at around Rs 230-235 per stock levels or they can buy the stock at current levels and further add on if it corrects by around 10-15 rupee.

Therefore, from the stock market experts' perspective shares to buy today is RITES as it can give around 16 per cent return in two to three months while in a year.