Garden Reach Shipbuilders & Engineers (GRSE) was trading at RS 2539.75, up by 25.40 points or 1.01% compared to its previous closing of RS 2514.35 on the BSE.

The stock opened at RS 2534.80 and touched an intraday high of RS 2595.00 and a low of RS 2519.00. A total of 38,297 shares were traded on the counter so far.

The BSE Group ‘A’ stock with a face value of RS 10 recorded a 52-week high of RS 3535.00 on June 23, 2025, and a 52-week low of RS 1180.10 on March 4, 2025. Over the past week, the stock registered a high of RS 2595.00 and a low of RS 2386.60. The company’s current market capitalization stands at RS 29398.05 crore.

In terms of shareholding, promoters hold a 74.50% stake in the company, while institutional and non-institutional investors hold 4.60% and 20.90%, respectively.

In a key development, Garden Reach Shipbuilders & Engineers has signed a Memorandum of Understanding (MoU) with Hindustan Shipyard to establish a consortium for executing a large-scale and strategically significant national shipbuilding programme. The partnership aims to construct advanced maritime platforms and is expected to strengthen India’s maritime infrastructure, boost technological self-reliance, and enhance long-term operational capabilities.

The collaboration will combine the complementary strengths of both shipyards and support the national vision of promoting indigenous maritime capabilities and self-reliance in shipbuilding.

Garden Reach Shipbuilders & Engineers operates under the administrative control of the Ministry of Defence (MoD) and primarily caters to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.