Shares of leading shipbuilding and shipping companies—Garden Reach Shipbuilders & Engineers Ltd, Mazagon Dock Shipbuilders Ltd, and Shipping Corporation of India (SCI)—witnessed a strong rally in today’s trading session. Investors showed keen interest, pushing stock prices higher by up to 14%.
Garden Reach Shipbuilders & Engineers (GRSE) Soars 14%
Garden Reach Shipbuilders & Engineers Ltd saw a remarkable surge of 14%, with the stock opening at ₹1,372 and touching an intraday high of ₹1,573.50. Despite this uptrend, the stock is still trading significantly below its 52-week high of ₹2,833.80, while staying well above its 52-week low of ₹744.
Mazagon Dock Shipbuilders Gains 6%
Mazagon Dock Shipbuilders Ltd also saw a strong buying interest, gaining 6% in intraday trading. The stock opened at ₹2,385 and climbed to a high of ₹2,537.70, while hitting an intraday low of ₹2,375. Currently, the stock remains below its 52-week high of ₹2,930 but is comfortably above its 52-week low of ₹910.55.
Shipping Corporation of India (SCI) Jumps 6%
SCI shares also joined the rally, rising 6% to reach an intraday high of ₹158.00, up from the opening price of ₹148.50. Although the stock remains significantly below its 52-week high of ₹384.20, it is trading well above its 52-week low of ₹138.26.
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