GRSE stock rises 5% after securing defence contract of Rs 491 crore
Shares of Garden Reach Shipbuilders & Engineers Ltd (GRSE) rose 5% to Rs 1847 on BSE in Monday’s trade following the company’s receipt of a Letter of Intent from the Naval Physical & Oceanographic Laboratory (NPOL), part of the Ministry of Defence’s DRDO. The contract, worth Rs 491 crore, is for the design, development, and…
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GRSE shares surge up to 7% on signing of MoU with NHIDCL
Defence PSU stock GRSE (Garden Reach Shipbuilders & Engineers) on Friday rallied up to 7% to the day’s high of Rs 1,876 after it signed a Memorandum of Understanding (MoU) with National Highway Infrastructure Development Corporation. The MoU signed on Thursday was for the fabrication, supply, and launching of Double-Lane Class 70 Modular steel &…
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Mazagon Dock, GRSE shares fall up to 12% in 3 days. Here’s why
Shares of PSU stocks Mazagon Dock Shipbuilders and Garden Reach ShipBuilders (GRSE) have fallen nearly 12% and 7.4% respectively in the last three days after the domestic brokerage firm ICICI Securities issued a bearish report on Thursday predicting a downside potential of up to 77%. The domestic brokerage firm had retained its sell rating for…
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