Page 2 - Garden Reach Shipbuilders & Engineers

Stocks to watch today, May 13: Tata Motors, Airtel, GAIL, Cipla, Tata Steel

In the previous trading session, Sensex jumped 2,975.43 points, or 3.7 per cent, to close at 82,429.90 levels. The Nifty50 closed at 24,924.7, up by 916.7 points, or 3.8 per cent.

Mazagon, Paytm, IndusInd: These are top wealth creators, destroyers of FY25

After a period of being net buyers in the first half of the fiscal year, FIIs reversed their stance in the second half, unloading over ₹1.5 lakh crore worth of Indian equities

Here's why this Miniratna shipbuilding stock jumped 5% in trade on March 25

The rally in the Miniratna stock was fueled by the news that it had signed a contract with Carsten Rehder Schiffsmakler and Reederei GmbH & Co KG, Germany

Shipbuilding stocks extend rally; GRSE, CSL, MDL surge up to 28% in 2 days

The government will soon launch its second edition with a budgetary corpus of Rs 40,000 crore, with a special focus on shipbuilding, repair, and recycling.

Garden Reach up 20%, Mazagon Dock soars 10% on Germany's defence boost

All the 16 stocks in the Nifty India Defence Index were trading higher with Garden Reach and IdeaForge leading the pack

Defence shares in focus; Data Patterns, GRSE, BDL, Zen, Paras gain upto 11%

Analyst at Elara Capital believe defense companies in India stand to benefit as the EU defence OEM turn to public and private defence firms to procure components and subsystems.

Broader mkt stages recovery; Nifty SmallCap, MidCap indices rally up to 3%

The Nifty SmallCap index surged 2.70 per cent, or 410.7 points, to hit an intraday high of 15,579.15. Similarly, the Nifty MidCap index increased 1.72 per cent to an intraday high of 50,609.25

Defence stocks trade firm in weak market; BDL, HAL, GRSE rally up to 6%

Elara Capital expects ordering flow to rise sharply in Q4FY25 for the sector given that defence capex is set to be met in FY25

GRSE gains 4% on winning order for construction of 4 multi-purpose vessels

The contracts for the remaining two vessels will be communicated as and when the respective contracts are signed

GRSE, BEML, BDL gain up to 6% as DAC clears Rs 21,772 cr defence proposals

The Defence Acquisition Council (DAC) accorded Acceptance of Necessity for five capital acquisition proposals worth over Rs 21,772 crore.

GRSE share price rises 4% on securing order worth Rs 491 crore from NPOL

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

GRSE share price up 6% on securing contract worth Rs 491 crore from DRDO

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

Garden Reach Shipbuilders shares jump 6% on four multipurpose vessels order

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.

Shipbuilding stocks in focus: GRSE, MDL, Cochin Shipyard gain up to 7%

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.

Garden Reach inks MoU with National Highway Infrastructure; shares up 7%

The MoU entails the construction and delivery of Class 70R Double-Lane Bridges

Shipbuilding stocks trade weak; Mazagon Dock, Cochin, GRSE down up to 9%

These stocks have corrected between 27 per cent and 38 per cent from their respective all-time high levels touched in July.

GRSE Q1 results: PAT up 13% at Rs 87cr amid profit margin contracts

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

Garden Reach Shipbuilders stock price rallies 11% on $54 million order win

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

Shipbuilding stocks on roll; Cochin, GRSE zoom upto 58% so far in Apr

Thus far in the month of April, these stocks have zoomed up to 58 per cent

Defence PSU GRSE records Rs 2,801 crore income in nine months of FY24

Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd recorded a total income of Rs 2,801 crore in nine months till December 31 in the financial year 2023-24, an increase of 34 per cent compared to the same period in previous fiscal, an official said on Tuesday. He said that revenue from operations between April and December in 2023-24 stood at Rs 2,577 crore as compared to Rs 1,960 crore in the same period in 2022-23, recording a growth of 31 per cent. GRSE's profit before tax (PBT) stood at Rs 328 crore for the first nine months of fiscal 2023-24 as compared to Rs 229 crore in the same period the previous financial year, the official said in a statement. The profit after tax (PAT) was Rs 246 crore from April to December of 2023-24 as against Rs 173 crore in the same period of the previous fiscal. The earnings per share (EPS) for the nine months in 2023-24 stood at Rs 21.45 as compared to Rs 15.09 in the same period of 2022-23, registering a growth of 42 per cent, the ...