Tuesday 14 June 2016

Reliance Defence rises 2%

The company is accelerating work on an inherited order for naval offshore patrol vessels (NOPVs) and has assured the Indian Navy of supplying all the five craft by the end of 2017.


Reliance Defence stock was up by 2% at Rs. 62. Report says that the company is accelerating work on an inherited order for naval offshore patrol vessels (NOPVs) and has assured the Indian Navy of supplying all the five craft by the end of 2017.

The scrip opened at Rs. 61.9 and has touched a high and low of Rs. 63.8 and Rs. 61.8 respectively. So far 371585(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4516.65 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. 67.75 and Rs. 58.7 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 200 DMA.

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