Garden Reach Shipbuilders & Engineers Ltd (GRSE) witnessed a significant rally this week, with its stock price jumping 28%. On Friday, the stock closed at ₹1,697.95, after opening at ₹1,715.45. During the session, it hit a high of ₹1,732.25 and a low of ₹1,683.55.
Despite the recent uptrend, GRSE remains significantly below its 52-week high of ₹2,833.80, but well above its 52-week low of ₹757.00.
In the meantime, on March 20, the company signed a breakthrough Memorandum of Understanding (MoU) with PWD Nagaland for the supply of eight Double Lane Modular Steel Bridges. This marks the first-ever MoU between GRSE and a North Eastern state, supporting the Make in India initiative for regional development.
The agreement was signed on March 19, 2025, in Kohima by DIG Subrato Ghosh, ICG (Retd.), Director (Personnel), GRSE, and Shri Swarai Meru, Chief Engineer, PWD Nagaland, in the presence of Shri Natarajan Partheepan, General Manager (Bailey Bridges), GRSE.
GRSE has supplied over 5,800 modular bridges to the Border Roads Organisation (BRO), NHIDCL, state governments, and neighboring countries like Bhutan, Nepal, Myanmar, Sri Lanka, and Bangladesh.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
