Reliance Defence and Engineering is currently trading at Rs. 59.85, up by 0.60 points or 1.01% from its previous closing of Rs. 59.25 on the BSE.
The scrip opened at Rs. 60.30 and has touched a high and low of Rs. 60.30 and Rs. 59.55 respectively. So far 51,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 74.90 on 08-Mar-2016 and a 52 week low of Rs. 48.40 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 61.90 and Rs. 57.40 respectively. The current market cap of the company is Rs. 4,406.19 crore.
The promoters holding in the company stood at 29.90%, while Institutions and Non-Institutions held 14.31% and 55.76% respectively.
Reliance Defence and Engineering (RDEL) has signed Master Ship Repair Agreement (MSRA) with US Navy. Earlier in January 2017, Reliance Shipyard qualified by US Navy as an approved contractor to perform complex repair and alternation services for the US Navy’s Seventh Fleet vessels operating in the region.
Reliance Shipyard at Pipavav, Gujarat is the first shipyard in India to have received MSRA Certification to undertake servicing and repairing works for the vessels of Seventh Fleet. The fleet has about 100 vessels of different types, including auxiliaries. Reliance Shipyard has been selected after a detailed site survey by US Government representatives during end-October 2016.
Reliance Defence and Engineering is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit and another export oriented unit (EOU).