SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Reliance Defence gains on inking MSRA with US Navy

14 Feb 2017 Evaluate

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).   


Swan Defence & Heavy Share Price

1843.30 74.00 (4.18%)
10-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×