Reliance Naval and Engineering (RNAVAL) is currently trading at Rs. 11.43, up by 0.24 points or 2.14% from its previous closing of Rs. 11.19 on the BSE.
The scrip opened at Rs. 11.59 and has touched a high and low of Rs. 11.74 and Rs. 11.15 respectively. So far 108738 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 72.60 on 02-Jan-2018 and a 52 week low of Rs. 11.00 on 10-Oct-2018.
Last one week high and low of the scrip stood at Rs. 12.60 and Rs. 11.05 respectively. The current market cap of the company is Rs. 857.08 crore.
The promoters holding in the company stood at 29.84%, while Institutions and Non-Institutions held 11.84% and 58.31% respectively.
RNAVAL has launched state-of-the-art Training Ship of 3,000 tonne displacement at its shipyard located at the Port of Pipavav in the state of Gujarat for Indian Coast Guard. The shipyard has an installed throughput of 140,000 tons of steel, equivalent to an annual revenue of a minimum Rs 4,000 crore.
The shipyard presently has a meagre order book of Rs 4,000 crore, which does not justify the huge capital investment in building this most modern shipyard.
RNAVAL (formerly Reliance Defence and Engineering / Pipavav Defence and Offshore Engineering Company) has the largest engineering infrastructure in India and is one of the largest in the world. RNAVAL is the first private sector company in India to obtain the licence and contract to build warships.
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