GRSE, Cochin Shipyard, BDL, BEML, MDL, MIDHANI, BEL and HAL are up in the range of 3% to 10% on the BSE in Tuesday's intra-day trade in otherwise subdued market.
Shares of Garden Reach Shipbuilders & Engineers (GRSE) jumped up to 6.2 per cent to hit an intraday high of Rs 1,470.80
The spike in GRSE share price was fuelled by a Rs 490.98-crore order win from Naval Physical & Oceanographic Laboratory, Gol, Ministry of Defence DRDO, Kochi
Data Patterns (India), Bharat Electronics, Mishra Dhatu Nigam, Garden Reach Shipbuilders & Engineers and Zen Technologies are up in the range of 3 per cent to 6 per cent
Cochin Shipyard, Garden Reach Shipbuilders & Engineers and Mazagon Dock Shipbuilders have corrected up to 51% from their respective 52-week highs touched in July 2024.
The rise in GRSE share price was fuelled by a Rs 491-crore order win from Naval Physical & Oceanographic Laboratory, Gol, Ministry of Defence, DRDO, Kochi
The uptick in Garden Reach shares came after the company announced that it has secured an order for four (4) multi-purpose vessels from Carsten Rehder Schiffsmakler and Reederei GmbH & Co.
The Defence Acquisition Council (DAC) is likely to discuss proposals of mega projects worth around Rs 1.2 trillion for approval in a meeting scheduled for today.
The MoU entails the construction and delivery of Class 70R Double-Lane Bridges
These stocks have corrected between 27 per cent and 38 per cent from their respective all-time high levels touched in July.
Garden Reach Shipbuilders & Engineers Limited (GRSE), a leading public sector warship builder, reported a 13 per cent increase in net profit for the first quarter ended June 2024, reaching Rs 87 crore. The profit growth was driven by a substantial 34 per cent rise in revenue from operations, which surged to Rs 1,010 crore compared to Rs 756 crore in the same period last year. Earnings per share (EPS) improved to Rs 7.6, up from Rs 6.6 in Q1 FY24. Despite the profit increase, the company's net profit margin contracted to 8.64 per cent from 10.14 per cent year-on-year. GRSE chairman and managing director Cmde Hari PR expressed optimism about the company's growth trajectory, citing strong financial results for Q1 FY25. He noted that the company is confident of maintaining its growth trend, supported by a robust order book and effective project execution plans. "The shipyard is on a growth trajectory, and the Q1FY25 financial results have been very encouraging. Considering our current
Of these 505 stocks, as many as 83 per cent or 420 stocks belonged to 'XT', 'T', 'X', and 'Z' categories
Garden Reach share hit a new high of Rs 2,296.75, surging 9%, after the company signed a contract for the construction of advance ocean-going tug for Bangladesh Government
In the past two days, the stock has surged 17% after the company secured an international order worth $54 million for the construction and delivery of four multi-purpose vessels of 7,500 DWT each.
The rise in stock price came after the company announced that it has secured an international order worth $54 million for the construction and delivery of four multi-purpose vessels of 7,500 DWT each