Reliance Defence & Engineering Ltd
RDEL

59.40

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

59.30

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
Detailed Quote

View

Accumulate
Reco. Price
Rs 59.85
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 currently trading at rich valuation of EV/EBITDA of 21.4x in FY18E. (Target Price- Rs.65.1)
Detailed View
50 DMA (.)
56.72
100 DMA (.)
56.71
200 DMA (.)
60.16
Weekly Range (.)
57.00
61.70
Monthly Range (.)
55.90
63.00
52 Weeks Range (.)
48.30
74.95
Detailed Chart