Porinju recommends ADAG Reliance Defence

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Srilata Rao
Posts: 73
Joined: Tue Dec 27, 2016 3:19 pm

Porinju recommends ADAG Reliance Defence

Post by Srilata Rao »

Porinju latest tweet:

ADAG, focusing on Defence & Finance is at an inflection point; highly likely to turnaround in 2017.

Reliance Defence and Engg is up 6.46%. Any info is there about stock?
Pee Vee
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Posts: 453
Joined: Mon Dec 26, 2016 10:45 pm

Re: Porinju recommends ADAG Reliance Defence

Post by Pee Vee »

Looks like a good stock. Two important news items:

(i) Reliance Defence bags Rs 916 cr contract from Defence Ministry. RDEL emerged winner through a competitive bidding process undertaken by Ministry of Defence with participation from almost all the private sector and public sector shipyards namely, L&T, Cochin Shipyard Ltd, Goa Shipyard Ltd, Garden Reach Shipbuilders & Engineers Ltd (GRSE), the company said in a statement.

(ii) Reliance Defence and Engineering has signed a contract with Ministry of Defence, Government of India for design and construction of 14 fast patrol vessels (FPVs) for Indian coast guard, for an amount of Rs 916 crore.

Source: (1) and (2)

I am looking for recent research reports. If you have any, please post like it. Stock could become a multibagger :)
bipin
Posts: 6
Joined: Sat Dec 31, 2016 9:52 am

Re: Porinju recommends ADAG Reliance Defence

Post by bipin »

thxx
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