Garden Reach Shipbuilders gains on inking pact with Hindustan Shipyard to boost national shipbuilding
Garden Reach Shipbuilders & Engineers is currently trading at Rs. 2539.75, up by 25.40 points or 1.01% from its previous closing of Rs. 2514.35 on the BSE.
The scrip opened at Rs. 2534.80 and has touched a high and low of Rs. 2595.00 and Rs. 2519.00 respectively. So far 38297 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3535.00 on 23-Jun-2025 and a 52 week low of Rs. 1180.10 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 2595.00 and Rs. 2386.60 respectively. The current market cap of the company is Rs. 29398.05 crore.
The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 4.60% and 20.90% respectively.
Garden Reach Shipbuilders & Engineers has entered into a memorandum of understanding with Hindustan Shipyard to form a consortium aimed at undertaking a large-scale, strategically significant national shipbuilding programme. The partnership envisages the construction of advanced maritime platforms and is expected to contribute to the enhancement of the country’s maritime infrastructure, technological self-reliance, and long-term operational capabilities.
This collaboration is expected to leverage the complementary strengths of both shipyards and further reinforce the national vision of enhancing indigenous maritime capability and self-reliance in shipbuilding.
