Reliance Defence & Engineering Ltd
RDEL

56.05

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

55.95

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Accumulate
Reco. Price
Rs 52.40

Last updated on 05-Dec-2016

We recommend ACCUMULATE on the stock as we expect revenue CAGR of 55% over FY16-18E. This will be driven by traction in defence orders and resumption of stalled projects. Stock is trading at rich valuation of EV/EBITDA of 48.2x in FY17E. (Target Price- Rs.57)
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50 DMA (.)
56.60
100 DMA (.)
60.21
200 DMA (.)
62.54
Weekly Range (.)
51.80
57.45
Monthly Range (.)
48.30
58.00
52 Weeks Range (.)
48.30
113.95
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