Garden Reach Shipbuilders rises on signing MoU with DEMPO Group
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Garden Reach Shipbuilders & Engineers is currently trading at Rs. 794.25, up by 9.35 points or 1.19% from its previous closing of Rs. 784.90 on the BSE.
The scrip opened at Rs. 799.75 and has touched a high and low of Rs. 816.35 and Rs. 792.60 respectively. So far 13313 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 832.40 on 17-Aug-2023 and a 52 week low of Rs. 274.05 on 25-Aug-2022.
Last one week high and low of the scrip stood at Rs. 823.05 and Rs. 736.15 respectively. The current market cap of the company is Rs. 8991.19 crore.
The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 10.58% and 14.93% respectively.
Garden Reach Shipbuilders & Engineers has signed memorandum of understanding (MoU) with DEMPO Group, Goa, to launch a collaboration model to build commercial vessels in their shipyards at Goa and Bhavnagar, Gujarat.
Garden Reach Shipbuilders & Engineers is a shipbuilding company in India under the administrative control of the MoD and primarily adhere to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.
