Price when posted : NSE: Rs. 14.30
I am fully agree with you and i also well assured that its cross Rs.36 very soon. Some think negative but i am positive. So many investor wrote in past to sold Bhushan steel due to big burden of loans but i bought 2000 shres at Rs.22.80 keeping in view of steel sector, demand and future of steal industry. so think its under NPA and now almost near to double price traded but i am not ready to sold even at Rs.50. Now think RNAVAL which price come down due to fear that the process under NCLT but now rules changed and first example of RCOM but i never suggested to buy RCOM because after selling assets nothing remains in the book of Rcom but in RNAVAL the possibility not ignore that any time big investor or foreign investor participated and infused the funds. Second the company also waiting for big orders from govt of India. The US NAVY also signed the agreement with thee company for the repairing work for 7 fleet which gives millions of dollar yearly. I have no surprised that company also found some orders from Reliance ind for manufacturing of transport ship for oil. Reliance Defence currently has an order book of Rs 5,700 crore to be executed by financial year 2020-21. The order book is expected to grow multi-fold given the limited number of players in the space and many programmes under the government%u2019s Make In India initiative, said Dhirendra Tiwari, head of research at Antique Stock Broking. These programmes consist of large orders and the bidding process for many is already underway,The Reliance Group is eyeing opportunities in aerospace and land systems through its 15 subsidiaries and three joint ventures with foreign-origin equipment manufacturers. Think the value of each subsidiaries and if we give just Rs.1 a value of each one price comes out Rs.15. The company that made warships and energy exploration vessels %u2013 for about Rs 2,000 crore. The group plans to leverage Reliance Defence%u2019s shipyard to pitch for the Indian Navy%u2019s Project-75i. It involves the construction of at least six diesel-electric submarines in Indian shipyards. the potential opportunity in the defence hardware segment at Rs 15.4 lakh crore over the few next years. India signed a bilateral agreement with France in 2016 to acquire 36 Rafale aircraft off-the-shelf. The project has a 50 percent offset clause, meaning that French companies involved in the project must source at least 50 percent of their requirements from India.
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I am fully agree with you and i also well assured that its cross Rs.36 very soon. Some think negative but i am positive. So many investor wrote in past to sold Bhushan steel due to big burden of loans but i bought 2000 shres at Rs.22.80 kee...
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