Garden Reach Shipbuilders rises on getting nod for capital budgetary outlay of Rs 2896 crore
Garden Reach Shipbuilders & Engineers is currently trading at Rs. 2388.85, up by 16.05 points or 0.68% from its previous closing of Rs. 2372.80 on the BSE.
The scrip opened at Rs. 2399.95 and has touched a high and low of Rs. 2458.95 and Rs. 2392.95 respectively. So far 46010 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3338.90 on 29-Apr-2026 and a 52 week low of Rs. 1965.00 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 2,458.95 and Rs. 2288.80 respectively. The current market cap of the company is Rs. 27463.84 crore.
The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 5.16% and 20.35% respectively.
Garden Reach Shipbuilders & Engineers has received approval for capital budgetary outlay of Rs 2896 crore for construction of a Greenfield Shipyard at Raichak for enhancing the ship building capacity of GRSE in both the Naval and Commercial segments. The Board of Directors of the company at their meeting held on September 21, 2026 has, inter-alia, approved the same.
