Swan Defence and Heavy Industries Ltd.

NSE: SWANDEF | BSE: 533107 | ISIN: INE542F01020 | Industry: Shipping
| Momentum Trap

ICICI Securities Limited
Reliance Defence & Engineering (RDEL) reported revenues of | 228.2 crore (I-direct estimate: | 108.9 crore). The company reported a third consecutive quarter of growth, which indicates better execution of its order book, which is currently at ~| 5700 crore On account of revenue recognition of certain orders (percentage completion method), RDEL reported positive EBITDA of | 5.3 crore Interest expenses continue to grow 32% YoY to | 164 crore. Subsequently, overall PAT performance continues to remain stressed...
Swan Defence and Heavy Industries Ltd. is trading above its 200 day SMA of 464.9
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