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Garden Reach Shipbuilders & Engineers (GRSE) shares have experienced gains following a series of international agreements.
GRSE stock recorded significant movement on recent developments.
On 5 June, GRSE shares hit a record intraday high of ₹3,520, marking a 5% rise in one session.
As of 9 June, the stock reached ₹3,417.15, rising 5.2% on the BSE.
Over the past month, the stock climbed by 82%, and over the last five years, delivered a multi-bagger return of 2,100%.
In the latest session, the stock dipped 4.07% to ₹3,267 before rebounding on global deal news.
Sweden & Denmark MoUs: Agreements with Berg Propulsion and SunStone on 6 June aim to enhance propulsion and expedition cruise capabilities.
Norway MoU: GRSE finalised a deal with Kongsberg for India’s first indigenous polar research vessel on 4 June.
Germany and UAE Partnerships: MoI with Carsten Rehder for four multi-purpose vessels, and an MoU with Aries Marine of Dubai to explore offshore platforms, were also signed.
Refer the following table:
Metric |
Value |
|---|---|
Order book (as of 31 Mar) |
₹24,318 Crores |
FY25 Revenue |
₹3,583 Crores |
Order book-to-revenue ratio |
~6.8× |
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
Economic Times — GRSE shares in focus after MoUs signed in Sweden and Denmark to boost marine systems, explore cruise segment, https://economictimes.indiatimes.com/markets/stocks/news/grse-shares-in-focus-after-mous-signed-in-sweden-and-denmark-to-boost-marine-systems-explore-cruise-segment/articleshow/121717766.cms
Economic Times — GRSE shares hit 10% upper circuit after MoU with Norway's Kongsberg for India's first polar research vessel, https://economictimes.indiatimes.com/markets/stocks/news/grse-shares-hit-10-upper-circuit-after-mou-with-norways-kongsberg-for-indias-first-polar-research-vessel/articleshow/121613836.cms
Economic Times — GRSE shares in focus after Bangladesh cancels $21 million ship order, https://economictimes.indiatimes.com/markets/stocks/news/grse-shares-in-focus-after-bangladesh-cancels-21-million-ship-order/articleshow/121329079.cms
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Posted on 05 Jun
Geetanjali Lachke
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