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Porinju recommends ADAG Reliance Defence
Posted: Mon Jan 30, 2017 1:21 pm
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?
Re: Porinju recommends ADAG Reliance Defence
Posted: Mon Jan 30, 2017 5:32 pm
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: (
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I am looking for recent research reports. If you have any, please post like it. Stock could become a multibagger
Re: Porinju recommends ADAG Reliance Defence
Posted: Tue Jan 31, 2017 4:41 pm
by bipin
thxx