Garden Reach Shipbuilders & Engineers Ltd (GRSE)

Garden Reach Shipbuilders & Engineers Shares Surge 31% - 28 Apr, 2024

Garden Reach Shipbuilders & Engineers shares have gained 31% in a month, with an annual gain of 116%. The P/E ratio of 38x may make it look like a sell compared to the market. However, Garden Reach Shipbuilders & Engineers has been doing relatively well with superior earnings growth and is expected to generate 19% growth next year. Analysts are not confident about a turnaround in the company's business prospects.

Government's Stake in Garden Reach Shipbuilders & Engineers Ltd Increases - 26 Apr, 2024

The Indian government holds a 75% stake in Garden Reach Shipbuilders & Engineers, giving them significant control over management and business strategy. Insider ownership is positive with insiders holding a meaningful stake worth ₹1.3b. The stock jumped 18% last week, resulting in gains for the government as one of the largest shareholders.

GRSE Stock Hits New High on Record Turnover - 25 Apr, 2024

Garden Reach Shipbuilders & Engineers Ltd (GRSE) stock rallies 41% in April after achieving highest ever annual turnover of Rs 3,400 crore. However, an expert advises investors to book profits due to the stock being slightly overbought.

GRSE Stock Surges on High Volume Trading - 23 Apr, 2024

Garden Reach Shipbuilders & Engineers stock gains 8.62% to Rs.943.50 as trading volumes surge nearly eight times the two-week average daily volume. The company also celebrated its 65th Raising Day.

Garden Reach Shipbuilders & Engineers Ltd sees increase in FII/FPI holding and revenue growth - 19 Apr, 2024

Foreign institutional investors increased their stake in Garden Reach Shipbuilders & Engineers Ltd, while the company's Q3FY24 revenue grew by 32.04% YoY to Rs. 923 Crores with profits of Rs. 88 Crores.

Prabhudas Lilladher Gives Buy Call on Garden Reach Shipbuilders & Engineers - 04 Apr, 2024

Prabhudas Lilladher has given a buy call on Garden Reach Shipbuilders & Engineers with a target price of Rs 1080. The company reported a standalone total income of Rs 1004.61 crore for the quarter ended December 31, 2023, up 3.63% from the previous quarter and up 34.06% from the same quarter last year. Promoters hold 74.5% stake in the company.

Garden Reach Shipbuilders & Engineers Stock Surges on Strong Earnings Expectations - 03 Apr, 2024

Garden Reach Shipbuilders & Engineers stock surged up to 18% over the past three trading sessions due to strong Q4 earnings expectations and healthy order book positions. The company's annual turnover reached Rs.3,400 crore, the highest-ever. The stock also saw a significant increase in trading volume.

GRSE Registers 33% Growth in FY24 Turnover - 02 Apr, 2024

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has reported a remarkable year with a 33% growth in turnover and the commissioning of several ships, including the largest survey vessel in India. The company also declared an interim dividend of 79%. GRSE is a leader in shipbuilding and diversified with products ranging from warships to weapons.

Garden Reach Shipbuilders Reports Strong Financial Performance - 01 Apr, 2024

Garden Reach Shipbuilders & Engineers reported a provisional and unaudited annual turnover of Rs. 3,400 crore for FY23-24, the highest-ever annual turnover in the history of the company. The stock rose by nearly 7.6% on NSE after the announcement.

GRSE Posts Strong Annual Turnover Growth - 31 Mar, 2024

Garden Reach Shipbuilders & Engineers Ltd records an annual turnover of Rs 3400 crore for FY24, up 33% YoY, driven by effective resource management and improved internal efficiencies. The company declares an interim dividend at 79% of paid-up share capital and receives orders for naval surface guns and modular steel bridges.