Garden Reach Shipbuilders zooms on becoming L1 for construction of research vessel for DRDO
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Garden Reach Shipbuilders is currently trading at Rs. 1365.20, up by 66.45 points or 5.12% from its previous closing of Rs. 1298.75 on the BSE.
The scrip opened at Rs. 1334.45 and has touched a high and low of Rs. 1408.00 and Rs. 1324.05 respectively. So far 103301 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1520.00 on 27-May-2024 and a 52 week low of Rs. 490.80 on 09-Jun-2023.
Last one week high and low of the scrip stood at Rs. 1489.90 and Rs. 1148.10 respectively. The current market cap of the company is Rs. 15796.72 crore.
The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 9.40% and 16.10% respectively.
Garden Reach Shipbuilders & Engineers has become Lowest bidder (L1) for construction of a Research Vessel for Defence Research and Development Organisation (DRDO). The order value is likely to be around Rs 500 crore. The contract is currently under negotiation and has not yet been signed.
Garden Reach Shipbuilders & Engineers (GRSE) 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.
