Garden Reach Stock Price Up Today
By Ankur Chandra | Published at: Jun 9, 2025 02:08 PM IST
Kolkata, June 9, 2025: Shares of Garden Reach Shipbuilders & Engineers Ltd (NSE: GRSE | BSE: 542011) rose 1.81% to ₹3,311.20 in early trade on Monday, June 9th. The price increase follows the company’s announcement of strategic international Memoranda of Understanding (MoUs).
At around 10:10 AM, the stock was trading at ₹3,285.90, up by 1.04% or ₹33.70.
GRSE Enters Strategic Global Partnerships
In compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, GRSE disclosed the signing of two key Memoranda of Understanding (MoUs):
- MoU with Berg Propulsion, Sweden: The partnership aims to advance GRSE’s marine propulsion capabilities, focusing on the manufacturing of equipment and systems for government projects. Berg Propulsion is a global leader in marine propulsion technology.
- MoU with SunStone, Denmark: Signed on June 6, 2025, this pact will facilitate collaboration in the expedition cruise segment, opening new international business avenues for GRSE.
Key Market Metrics
| Metric | Value |
|---|---|
| Current Price | ₹3,285.90 |
| Previous Close | ₹3,252.20 |
| 52-Week High | ₹3,532.20 (05-Jun-25) |
| 52-Week Low | ₹1,184.90 (03-Mar-25) |
| VWAP | ₹3,332.31 |
| P/E Ratio (Adjusted) | 70.64 |
| Market Cap | ₹37,930.46 crore |
| Free Float MCap | ₹9,679.49 crore |
| Traded Volume (Lakhs) | 11.14 |
Order Book Snapshot
| Bid Price (₹) | Qty | Ask Price (₹) | Qty |
|---|---|---|---|
| 3,311.20 | 41 | 3,311.40 | 5 |
| 3,311.10 | 3 | 3,313.10 | 37 |
| 3,311.00 | 51 | 3,313.20 | 42 |
- Buy Quantity: 95,410 shares
- Sell Quantity: 2,67,095 shares
The script remains under Long-Term ASM Stage 1, with a consistently high P/E ratio (exceeding 50) over the last four quarters.
What’s Ahead?
The new MoUs with Sweden’s Berg Propulsion and Denmark’s SunStone demonstrate that GRSE aims to expand globally and explore new markets. The partnership with Berg could boost GRSE’s technical abilities for Indian defence projects, while the SunStone deal may help GRSE enter the international cruise ship segment. These steps can reduce GRSE’s dependence on Indian Navy contracts and bring in new revenue.
About the Company
Garden Reach Shipbuilders & Engineers Ltd is a Ministry of Defence enterprise and a premier warship builder in India. Listed on stock exchanges since October 10, 2018, the company is part of the NIFTY 500 Index and serves in the Aerospace & Defence sector.
REF: https://nsearchives.nseindia.com/corporate/GRSE_07062025112900_Corp_Ann_MoUs_signed_in_Sweden_and_Denmark_Reg30.pdf
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