Latest news with #RelianceAerostructure
Time of India
7 hours ago
- Business
- Time of India
Reliance Infra shares rally over 1,400% in 5 years. Is there more upside left?
Reliance Infrastructure shares have delivered stellar long-term gains, surging over 1,400% in the past five years. The momentum has continued in recent sessions, with the stock rising 45% in the last one month and gaining 10% in just the past two trading days. The rally picked up pace after the company announced a strategic partnership between its subsidiary, Reliance Aerostructure, and French aerospace major Dassault Aviation to manufacture Falcon 2000 business jets in India. But beyond the news-driven rally, technical indicators suggest there could still be more room to run. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 얼굴 기미, 더 이상 헛돈쓰지말고 이렇게 해보세요 (청담 피부원장 노하우) 두아이연구원 Undo Technical indicators point to further upside Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Kunal V Parar, VP – Technical Research & Algo at Choice Broking, said the stock has shown strong momentum, breaking above a key swing high on the weekly chart—an indicator of potential further gains. "On the weekly chart, the stock is comfortably trading above its 100-week and 200-week moving averages, reflecting a strong bullish trend. On the monthly chart, the stock appears to be on the verge of a Cup and Handle breakout, which suggests a continuation of the ongoing momentum," he said. Live Events He also noted a bullish breakout in the RSI on the weekly timeframe, suggesting strengthening positive breadth in the counter. "We expect the stock to continue its upward journey towards the Rs 420–470 zone, with a strict stop loss at Rs 344," Parar added. Laxmikant Shukla, Senior Manager – Technical Analyst at YES SECURITIES, also pointed to a strong technical reversal. 'The stock formed a bullish tweezer bottom reversal pattern on the daily chart, negating the five-day correction phase and breaking the sequence of lower highs and lower lows,' he said. He noted that the rebound was supported by rising trading volumes and a bullish crossover in the stochastic oscillator, both of which confirm renewed buying interest. "From a risk-reward standpoint, the stock looks well-positioned to extend its upward movement in the near term. We recommend buying Reliance Infra shares in the range of Rs 385–388, with a stop loss at Rs 375 and a target price of Rs 414," Shukla said. Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any? Dassault jet manufacturing deal Reliance Infrastructure's recent rally was also supported by its aviation venture. The company has partnered with Dassault Aviation to manufacture Falcon 2000 business jets in India—the first time the French firm will assemble these jets outside France. Announced at the Paris Air Show, the agreement involves setting up a final assembly line at Dassault Reliance Aerospace Limited (DRAL) in Nagpur, Maharashtra. The plant will serve as a global centre of excellence for Falcon jets and may also support future Falcon 6X and 8X programs. Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any? Capital infusion to boost growth plans In a separate update, the company has raised Rs 300 crore through the allotment of 1.25 crore fully paid-up equity shares at Rs 240 per share. The shares were issued to promoter group entity Risee Infinity Private Limited as part of an accelerated warrant conversion. This infusion is part of a larger preferential issue worth Rs 3,014.40 crore announced in October 2024. According to the company, the fresh funds will enhance financial flexibility and support long-term growth. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Times of Oman
9 hours ago
- Business
- Times of Oman
Reliance Aerostructure, Dassault to manufacture Falcon 2000 jets in India for global market
New Delhi: Reliance Infrastructure Ltd subsidiary, Reliance Aerostructure Limited (RAL) and French manufacturer Dassault Aviation have announced an agreement to manufacture Falcon 2000 LXS Business Executive Jets in India for the Global Market. The development is particularly significant since the French manufacturer will be manufacturing Falcon 2000 jets outside France for the time time, an indication of India's increased importance in the global aviation manufacturing. Dassault Aviation, in a press statement, said that this is an epic moment for India as it joins the elite club of countries manufacturing next-generation business jets after the United States, France, Canada and Brazil. DRAL will be the first Centre of Excellence (CoE) outside of France for Dassault Aviation's Falcon series, including the Falcon 6X and Falcon 8X programs. Eric Trappier, Chairman and CEO, Dassault Aviation said: "This new agreement, which will make DRAL the first centre of excellence for Falcon assembly outside France and which will eventually enable the establishment of a final assembly line for the Falcon 2000, illustrates, once again, our firm intent to meet our 'Make in India' commitments, and to contribute to the recognition of India as a major partner in the global aerospace supply chain. It marks the ramp-up of DRAL, in line with the strategic vision shared with our partner Reliance, which led to its creation in 2017 and is a testament to our unwavering belief in our future in India and serving India." Anil D Ambani, Founder Chairman, Reliance Group said, "This collaboration reflects our commitment to Prime Minister Shri Narendra Modi's vision of 'Atmanirbhar Bharat (Self Reliant India)' and 'Make in India for the World'. Our partnership with Dassault Aviation for manufacturing of Falcon Business Jets in India is a defining moment for the country, Aviation Industry and the Reliance Group. This will help position India as a key force in the global aerospace value chain." The release states that by 2028, the first flight of the "Made in India" Falcon 2000 will take place from the DRAL Facility at MIHAN, Nagpur in the Western State of Maharashtra, India, following the transfer of full fuselage and wing assembly operations and significant facility enhancements. As part of the agreement, Dassault will also transfer the assembly of the front section of Falcon 8X and Falcon 6X, in addition to the wings and complete fuselage assembly of the Falcon 2000 to DRAL. "This landmark initiative will see India emerge as a strategic center for high-end business jet manufacturing, underscoring the nation's growing prominence in the global aerospace ecosystem. The new final assembly line will cater to rising demand in India and other international markets," the release added. In 2017, Dassault Aviation and Reliance Aerostructure formed a joint venture called DRAL. Later that year, a state-of-the-art manufacturing facility was established in Mihan, Nagpur, marking the start of operations. DRAL has constructed more than 100 key subsections for the Falcon 2000 since delivering its first Falcon 2000 front section in 2019, demonstrating its superior precision manufacturing skills and contributing significantly to the Falcon global production program. As per the release, DRAL is expected to recruit several hundred engineers and technicians over the next decade to support its expanding operations. "This growth underscores Dassault Aviation's deep commitment to strengthening India's aerospace manufacturing ecosystem and advancing the nation's emergence as a global center of excellence for high-precision aviation production," the release added. Dassault Aviation has established a reputation for excellence in the design, manufacture, marketing, and maintenance of all kinds of aircraft, from the Rafale fighter to the premium Falcon family of business jets, military drones, and space systems. Over the past century, the company has delivered over 10,000 military and commercial aircraft, including 2,700 Falcons, in more than 90 countries. Dassault Aviation reported EUR6.2 billion in revenue in 2024. The corporation employs 14,600 people.
Time of India
10 hours ago
- Business
- Time of India
Dassault partners Anil Ambani co to make biz jets
NEW DELHI: French aerospace major Dassault Aviation has tied up with Anil Ambani 's Reliance Aerostructure to manufacture Falcon 2000 business executive jets in India for global markets. India will soon join the club of countries that make business jets which includes the US, France, Canada and Brazil. Also this is the first time Dassault, in which Airbus has nearly 10.6% stake, will be making the Falcon 2000 outside France. The two will establish their final assembly line in Nagpur and aim to deliver their first made-in-India jet by 2028. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Today
a day ago
- Business
- India Today
Dassault, Reliance Infrastructure to make Falcon 2000 business jets in India
Reliance Infrastructure has partnered with France's Dassault Aviation to make Falcon 2000 jets in India, the companies said on Wednesday, as the South Asian country aims to increase sourcing of locally-made defense said it aims to deliver the first made-in-India jets by 2028 for corporate and military use, and will cater to rising demand in both Indian and international the world's biggest arms importer, has been looking to step up domestic production, with global firms pushed to produce in India - either on their own or in collaboration with domestic partners. New Delhi also aims to boost defence exports, which jumped 12% in the fiscal year to end-March, to $2.76 will make Falcon 2000 jets outside France for the first time, the statement said, as it partners with tycoon Anil Ambani-owned Reliance Aerostructure to set up the final assembly line in the western Indian city of Infrastructure shares jumped 5% after the news in afternoon trading, while Dassault shares were largely in the month, the French firm signed an agreement with India's Tata group to produce fuselage of Rafale fighter aircraft in southern Hyderabad city - outside France for the first time
