Reliance Defence & Engineering Ltd
RDEL

65.80

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Turnover (lac)
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Day's Vol.(shares)

65.70

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Reco. Price
Rs 63.00
We recommend ACCUMULATE on the stock as considering huge contracts for supply of vessels repair agreements with US Navy. Thereby traction in defence orders and resumption of stalled projects is expected to boost top-line growth. Stock is trading at rich valuation of EV/EBITDA of 23x in FY18E. (Target Price- Rs.74)
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50 DMA (.)
59.63
100 DMA (.)
56.91
200 DMA (.)
59.88
Weekly Range (.)
60.40
66.75
Monthly Range (.)
57.75
66.75
52 Weeks Range (.)
48.30
73.00
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