Monday 16 May 2016

Reliance Defence gains 3%; Q4 net profit at Rs. 1024.40 mn

The company posted a net profit of Rs. 1024.40 mn for the quarter ended March 31, 2016 as compared to net loss of Rs.(1582.80) mn for the quarter ended March 31, 2015.

Reliance Defence and Engineering Ltd stock was up by 3% at Rs. 66. The company posted a net profit of Rs. 1024.40 mn for the quarter ended March 31, 2016 as compared to net loss of Rs.(1582.80) mn for the quarter ended March 31, 2015. 

The scrip opened at Rs. 67.45 and has touched a high and low of Rs. 67.45 and Rs. 66.2 respectively. So far 514815(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4785.37 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 114 on 28-Dec-2015 and a 52 week low of Rs. 51.45 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 67.35 and Rs. 64.8 respectively.

The promoters holding in the company stood at 29.9 % while Institutions and Non-Institutions held 14.22 % and 55.88 % respectively.

The stock is currently trading below its 100 DMA.

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