Stock of the day - Garden Reach Shipbuilders & Engineers Limited Target Rs. 1270

2026-08-19 11:40:52 am | Source: Religare Broking Ltd

Stock of the day - Garden Reach Shipbuilders & Engineers Limited Target Rs. 1270 - Religare Broking Ltd

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Garden Reach Shipbuilders & Engineers Ltd

Buy Garden Reach Shipbuilders & Engineers Ltd CMP (Rs) 2677 Range* 2670-2678 SL 2570 Target 2870

* GRSE maintains a constructive bullish structure after emerging from prolonged consolidation, with price sustaining above short, medium and long-term moving averages.

* The recent upmove is supported by improving volume and a sequence of higher tops and bottoms, indicating strengthening momentum.

* Price has reclaimed the 20 and 50 DEMA and decisively crossed the declining trendline, reinforcing the underlying trend.

* Investors can buy the stock within the recommended buying range.

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Stock of the day - Garden Reach Shipbuilders & Engineers Limited Target Rs. 1270 - Religare Broking Ltd

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