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Garden Reach Shipbuilders shines on securing letters of Intent worth Rs 491 crore
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Garden Reach Shipbuilders & Engineers is currently trading at Rs. 1833.00, up by 67.85 points or 3.84% from its previous closing of Rs. 1765.15 on the BSE.
The scrip opened at Rs. 1800.00 and has touched a high and low of Rs. 1870.00 and Rs. 1800.00 respectively. So far 93245 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2834.60 on 05-Jul-2024 and a 52 week low of Rs. 648.05 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1870.00 and Rs. 1680.35 respectively. The current market cap of the company is Rs. 20220.15 crore.
The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 5.52% and 19.98% respectively.
Garden Reach Shipbuilders & Engineers has received letters of Intent of Award for Contract for Design, development, construction, Integration of Equipment, Testing, certification, commissioning & supply of One Acoustic Research Ship (ARS) from Naval Physical & Oceanographic Laboratory, Government of India, Ministry of Defence DRDO, Kochi. Broad consideration or size of the order is around Rs 491 crore. The order is to be executed within 36 months from signing of contract.
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.
