Shares of Garden Reach Shipbuilders & Engineers Ltd. surged 6% to Rs 1,877.95 on 30th August after announcing a deal with NHIDCL for double-lane modular bridges.

In August 2022, the GSRE became the single Indian establishment that got the Green Channel Certification for Portable Steel Bridges (Bailey Type) from the Indian Army.

Garden Reach Shipbuilders aims to achieve Rs 10,000 crore in revenue by FY 2030, up from Rs 3,592 crore reported at the end of FY 2024.

The company’s current order book is worth Rs 25,231 crore, with 90% of the shipbuilding segment.

Commodore PR Hari, Garden Reach’s CMD, expects the company to secure orders worth Rs 1,500 crore to Rs 2,000 crore in the next three to six months, including export orders.

The market cap of GRSE is Rs 20,620 crore. The stock has gained 122% over the past year and 495% over the past two years.

The GRSE stock’s RSI is 32.7, indicating it is neither overbought nor oversold. Its one-year beta is 1.2, showing high volatility.

The stock has fallen nearly 38% from its peak of Rs 2,833.

At 11:39 AM, the shares of GRSE were trading 5.97% higher at Rs 1,862 on NSE.

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