Reliance Naval Share Price (2023)

FAQs

Is Reliance Naval share a good buy? ›

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Reliance Naval and Engineering Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Under the approved Resolution Plan, all existing ordinary equity shares will be cancelled and replaced with one new equity share of face value Rs. 10/- for every 275 shares held.

Reliance Infrastructure

SKIL Infrastructure

National Company Law Tribunal

Led by businessman Nikhil Merchant and his family, Swan Energy partnered Hazel Mercantile Ltd through a special purpose vehicle - Hazel Infra Ltd - to acquire RNEL, the largest shipyard in the country.

Reliance Naval and Engineering Limited (R-Naval), formerly known as Reliance Defence & Engineering Limited and prior to that as Pipavav Shipyard Limited and Pipavav Defence & Offshore Engineering Company Limited is an Indian shipbuilding and heavy industry company headquartered in Mumbai.

For the quarter ended 30-09-2022, the company has reported a Standalone Total Income of Rs 2.01 Crore, down 55.23 % from last quarter Total Income of Rs 4.49 Crore and down 50.61 % from last year same quarter Total Income of Rs 4.07 Crore.

Reliance Nav.

2,100 crore for RNEL, a company earlier owned by Anil Ambani, after the company defaulted on loans worth Rs. 13,000 crore. The company was sent to the NCLT for debt resolution under the Insolvency and Bankruptcy Code (IBC), 2016.

"The AGM held by Reliance was largely uneventful for the market. The key highlight was the succession plan. However, the company's stock experienced a decline due to the absence of clear timelines regarding the telecom and retail IPOs," Santosh Meena, Head of Research, Swastika Investmart Ltd.

The primary reasons behind this decline were lower crude oil prices and reduced margins on fuels such as diesel.

In 2022, Hazel Mercantile, in partnership with Swan Energy, emerged as the winner to acquire debt-laden R-Naval with 95% of the CoC approving its resolution plan. The lenders had also issued a letter of intent terming it the winning bidder.

Who are the promoters of Reliance Naval and Engineering? ›

Promoters - RNAVAL

The Reliance Group, led by Shri Anil D. Ambani, is one of India's prominent business house with interest in diverse businesses such as telecommunication, financial services, mutual funds, insurance, power, infrastructure, etc.

Ambani, once the sixth richest person in the world, declared before a UK court in February 2020 that his net worth is zero and he is bankrupt, although the veracity of that claim is in question.

It is the largest and the most profitable retailer in India with the widest reach. The company said it has more than 150 million loyal customers buying across all its formats. It recorded more than 640 million footfalls across all its stores in FY20, a scale unmatched by any other retailer in India.

With an annual crude processing capacity of 1,240,000 barrels (197,000 m³) per stream day, RPL is the largest refinery in the world.

Reliance Naval And Engineering Ltd Live Stock Price , Rnaval Live Share Price, 533107. BSE.

The shortage of shipbuilding capacity, especially at the Mazagon Dock and Cochin Shipyard, has been cited as another reason for the share price rise of RNEL, which has unused capacities. "I don't think the government will give orders like that to support RNEL," said Arun Kejriwal.

As on 15th Sep 2023 RCOM SHARE Price closed @ 1.65 and we RECOMMEND Sell for LONG-TERM with Stoploss of 1.77 & Buy for SHORT-TERM with Stoploss of 1.35 we also expect STOCK to react on Following IMPORTANT LEVELS.

- Hold. Zacks' proprietary data indicates that Reliance Steel & Aluminum Co. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the RS shares relative to the market in the next few months.

The highest analyst price target is $300.00 ,the lowest forecast is $295.00. The average price target represents 7.89% Increase from the current price of $275.74. Reliance Steel & Aluminum Company's analyst rating consensus is a Moderate Buy. This is based on the ratings of 2 Wall Streets Analysts.