Garden Reach Shipbuilders share price: The share price of defense sector company Garden Reach Shipbuilders & Engineers Ltd (NSE: GRSE) saw a rise of more than 5 % on Thursday.
The receipt of a 54 million dollar order is responsible for the increase in the share of the defense company. The share of the company is 1,704.90 rupees.
The information given by the company said that Germany’s Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG has given the work of building 4 multi-purpose vessels.
On 18 September, the Government of India also transferred the company from Schedule B’ to Schedule A’ CPSE. These two news breathed life into the shares of the defense company today.
The company’s shares opened at Rs 1,810.05 on Thursday on BSE. However, after some time, the price of the company’s shares managed to reach an intra-day high of Rs 1,812.95 on BSE.
However, after a rise of 5 percent, once again the prices of Garden Reach shares saw a decline. Due to this, the shares fell by more than 1 percent around 1 pm.
Let us tell you, that the prices of the defense company’s shares had seen a decline at the beginning of the last 3 trading days.
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Doubled The Money In 180 Days
This defense stock has given a return of 132 percent in the last 180 days. At the same time, investors holding the stock for 3 years have got a return of 812 percent so far.
However, the bad thing from the investors’ point of view is that the price of the company’s share has fallen by 11.28% in a month.
Garden Reach Shipbuilders & Engineers Ltd’s 52-week high is Rs 2,833.80 and its 52-week low is Rs 648.30. The company’s market cap is Rs 19.51. The government’s total stake in this company is 74.50 percent.
Quick Fact
| Company name | Garden Reach Shipbuilders |
|---|---|
| Company’s share | 1,704.90 rupees |
| Share rise | Rs 1,810.05 (September 19) |
| Sector | Defense |
| Recent price movement | Increased by more than 5% |
| Recent decline | Fell by over 1% around 1 pm |
| Key order received | $54 million for 4 vessels |
| Client for recent order | Germany’s Carsten Rehder |
| 52-week high | Rs 2,833.80 |
| 52-week low | Rs 648.30 |
| Recent upgrade | Moved from Schedule B’ to Schedule A’ CPSE |
| 180-day return | 132% return |
| 3-year return | 812% return |
| 1-month decline | Fell by 11.28% |
| Market cap | ₹19.51 crore |
| Government’s stake | 74.50% |
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