Garden Reach Shipbuilders & Engineers Ltd

(GRSE)

GRSE Declares Dividend Amid Share Price Decline - 12 Sep, 2024

Garden Reach Shipbuilders & Engineers Ltd declared a final dividend of Rs 1.44 per share. Despite this, shares closed 2% lower at Rs 1,756.50, resulting in a dividend yield of 0.49%.

GRSE Stock Shows Potential for Recovery - 05 Sep, 2024

GRSE has corrected to the 61.8% Fibonacci retracement level, entering a strong support zone. The MACD oscillator suggests a potential upward reversal, making it a good accumulation opportunity for investors.

Garden Reach Shipbuilders Stock Rises on Defense Orders - 04 Sep, 2024

Garden Reach Shipbuilders & Engineers Ltd is experiencing stock growth due to anticipated naval defense orders and a strong order book of Rs 25,231 crore. Recent trading shows a 3% increase in share price, reflecting positive market sentiment.

Garden Reach Shipbuilders Shares Surge Amid Positive Outlook - 03 Sep, 2024

Garden Reach Shipbuilders & Engineers Ltd. shares surged up to 7% in intra-day trading. The company aims for ₹10,000 crore revenue by 2030, supported by a strong order book.

IRS Partners with NCPOR for New Research Vessel - 02 Sep, 2024

The Indian Register of Shipping has signed an agreement with the National Centre for Polar and Ocean Research to oversee the construction of a new ocean research vessel at Garden Reach Shipbuilders & Engineers Ltd, enhancing India's maritime research capabilities.

Garden Reach Shipbuilders Shares Surge After MoU Signing - 30 Aug, 2024

Garden Reach Shipbuilders & Engineers shares rose significantly after signing an MoU with NHIDCL for bridge construction. The company targets Rs. 10,000 crore revenue by FY2030 and announced a final dividend of Rs 1.44 per share.

Garden Reach Shipbuilders Faces Share Price Correction - 29 Aug, 2024

Garden Reach Shipbuilders & Engineers Ltd's share price has declined by up to 24% over the past month. Despite this, the Nifty Defence index reported a strong 65% profit growth in Q1, continuing a robust 39% profit growth in FY24, according to Axis Securities data.

Garden Reach Shipbuilders Targets ₹10,000 Crore Revenue by FY30 - 28 Aug, 2024

Garden Reach Shipbuilders aims for ₹10,000 crore revenue by FY30, tripling from FY24. With a ₹25,231 crore order book, the company expects significant growth and maintains a 25% revenue growth guidance for the current year.

ICICI Securities Maintains Sell on Garden Reach Shipbuilders - 22 Aug, 2024

ICICI Securities recommends selling Garden Reach Shipbuilders, setting a target price of Rs 515. Despite a healthy order book and revenue growth guidance, they believe returns are capped.

GRSE Reports Profit Growth Amid Market Challenges - 21 Aug, 2024

Garden Reach Shipbuilders & Engineers Ltd shows positive financial results with a 13.71% profit increase and a 33.58% revenue growth in Q1 FY25. However, ICICI Securities warns of potential downside in stock price.

GRSE Shares Decline Amid Valuation Concerns - 20 Aug, 2024

On August 20, 2024, GRSE shares dropped nearly 9% due to valuation concerns, with Elara Capital maintaining a Sell rating and a target price of Rs 1,370. ICICI Securities also issued a bearish report, predicting significant downside potential for the stock.

Garden Reach Shipbuilders Faces Potential Share Decline - 19 Aug, 2024

Despite a strong June quarter performance, ICICI Securities predicts a potential 73% drop in Garden Reach Shipbuilders' shares, citing geopolitical tensions affecting order execution. Current trading shows modest gains of 0.2% at ₹1,969.

GRSE Reports Strong Q1 Profit Growth - 16 Aug, 2024

Garden Reach Shipbuilders & Engineers Ltd reported a 14% YoY increase in net profit to Rs 87.2 crore for the June quarter. The company has a robust order book of Rs 25,230 crore and a healthy project pipeline exceeding Rs 1.3 lakh crore, indicating promising growth potential.