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?
Porinju recommends ADAG Reliance Defence
Re: Porinju recommends ADAG Reliance Defence
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
(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