Garden Reach Shipbuilders & Engineers Ltd (GRSE) shares are currently trading at Rs. 2710.55, marking an increase of Rs. 26.80 or 1.00% from the previous close of Rs. 2683.75 on the BSE.

The stock opened at Rs. 2683.75 and touched a high of Rs. 2720.00 and a low of Rs. 2704.85 during the session, with around 24,961 shares traded so far.

A BSE Group ‘A’ stock with a face value of Rs. 10, GRSE has recorded a 52-week high of Rs. 3535.00 (23-Jun-2025) and a 52-week low of Rs. 1180.10 (04-Mar-2025). Over the last week, the scrip touched a high of Rs. 2792.00 and a low of Rs. 2633.10. The company’s current market capitalization stands at Rs. 30,775.54 crore.

Promoters hold 74.50% stake in the company, while institutional and non-institutional investors own 7.14% and 18.35%, respectively.

In a significant development, GRSE has signed a Memorandum of Understanding (MoU) with Centum Electronics Ltd, a Bengaluru-based public company specializing in design, development, and manufacturing of customized systems for Defence, Aerospace, Space, Industrial, and Healthcare sectors.

The MoU aims to establish a collaborative framework for joint research and development of Advanced Naval Navigation Systems. The partnership will leverage and enhance manufacturing infrastructure for components and sub-assemblies, including onboard installation, integration, trials, and modernization of existing systems.

This collaboration marks a major milestone in GRSE’s strategy to strengthen indigenous R&D and aligns with the Government of India’s ‘Aatmanirbhar Bharat’ initiative, promoting self-reliance in advanced defence technologies.

About GRSE:
Garden Reach Shipbuilders & Engineers Ltd is a leading shipbuilding company under the administrative control of the Ministry of Defence (MoD). It primarily caters to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.