Garden Reach Shipbuilders Stock Has Gained Over 70% In The Past 1 Month

Mumbai, June 5, 2025 — Shares of Garden Reach Shipbuilders & Engineers (GRSE), a defence PSU, rose by more than 1% in intraday trade on Thursday, reaching a  high of ₹3,520 from ₹3,399 at where it opened.  It previously closed at ₹3,358.50. Fuelled by a series of strategic global collaborations, it has gained more than 70% over the past 1 month.

New Agreements Signal Global Expansion

In a regulatory filing on June 5, GRSE disclosed the signing of a Memorandum of Intent (MoI) with German firm Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG for constructing four 7,500 DWT multi-purpose vessels. These vessels will be built as a continuation of eight ships already under construction at GRSE’s Kolkata facility and will feature hybrid propulsion systems with advanced cybersecurity compliance. A definitive contract is expected by August 31, 2025.

GRSE also entered into two Memoranda of Understanding (MoUs):

• With Aries Marine, a Dubai-based design firm, to jointly pursue offshore platform projects.
• With a global engine manufacturer, expanding its technological capabilities.

Additionally, the company reaffirmed its MoU with Norway’s Kongsberg to support India’s first indigenous Polar Research Vessel for the National Centre for Polar and Ocean Research (NCPOR).

Stock Delivers Over 2,100% Returns in 5 Years

GRSE has proven to be a long-term outperformer, delivering over 2,100% returns in the last five years and rising more than 100% year-to-date in 2025.

Outlook

GRSE stock’s upward momentum follows a series of strategic global collaborations aimed at expanding the company’s offshore and shipbuilding capabilities. The stock’s performance reflects market confidence in GRSE’s global outreach strategy and its strengthening position in defence and maritime engineering.

Source: Corporate Result

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