Aerospace and Defence Company Krishna Defence and Allied Industries Ltd secured a huge order worth RS 8,30,000 from Cochin Shipyard.
According to the agreement, Krishna Allied Industries will supply special steel products for shipbuilding purposes. The total worth of the order is Rs 8.30 crore including taxes.
Krishna Allied Industries Share Price
The shares of Krishna Defence and Allied Industries witnessed a 4.89% decline and closed at Rs 940.40 on Wednesday, July 3. During the trading session, it touched a high of Rs 988.80 and low of Rs 939.40. The 52-week high of this stock is Rs 1,130 at the same time 52-week low of this stock is Rs 170.85.
The shares of Krishna Defence and Allied Industries Ltd have delivered Multibagger returns to shareholders. It has given more than 422% in the last one year. The stock price has rallied from Rs 180 to 940.
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About the Company
The company was established in 1996. Krishna Defence and Allied Industries Limited is leading defence application producer. The company’s main business engaged in producing high-end defence application products. Moreover, the company also develops and designs the products.
In addition, it also supplies kitchen and dairy equipment. It has two manufacturing plants located in Kalol and Halol of Gujarat.
Fundamental Analysis
The market cap of the company currently stands at Rs 1,288.82 crore. The ROE and ROCE are 18.45% and 15.01% respectively. It has shown a healthy sales and profit growth in the last year.
If we talk about the shareholding pattern of the company, the promoters have a majority stake of 68.33% in this company while the remaining 31.67% stake is held by public shareholders.
Let us tell that, Veteran Investor Ashish Kacholia holds 2.99% of stake in this company.
Krishna Defence and Allied Industries Share Price Target
In the fourth quarterly results, the company registered a revenue of Rs 71 crore and net profit of Rs 7 crore.
The share price target for Krishna Defence and Allied Industries is estimated to reach Rs 1,174.25 by the end of this year.
Investors should keep this Large-Cap stock on their radar.
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