Garden Reach Shipbuilders & Engineers share price rose nearly 2% on February 10 after the company signed a Memorandum of Understanding (MoU) with Hindustan Shipyard to form a consortium aimed at undertaking a large-scale, strategically significant national shipbuilding programme.
At 09:17am, Garden Reach Shipbuilders & Engineers was quoting at Rs 2,561.20, up Rs 46.85, or 1.86 percent, on the BSE.
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Last week, the company signed a contract with the Ministry of External Affairs (MEA), Government of India, for the second refit of the Seychelles Coast Guard Ship PS Zoroaster, valued at approximately ₹33 crore.
In January, Garden Reach Shipbuilders & Engineers also entered into an MoU with M/s K2 Cranes & Components for the design, development, and manufacture of marine, defence, and shipyard cranes along with associated equipment.
On the financial front, the company reported a sharp 73.9 percent year-on-year jump in consolidated net profit for Q3FY26 at ₹170.8 crore compared with ₹98.2 crore. Revenue surged 49.1 percent to ₹1,895.7 crore from ₹1,271 crore in the year-ago period.
In the previous trading session, the stock closed at ₹2,514.35, up ₹112.80 or 4.70 percent. It touched a 52-week high of ₹3,535.00 on June 23, 2025, and a 52-week low of ₹1,180.10 on March 4, 2025. Currently, the stock is trading 28.87 percent below its 52-week high and 113.06 percent above its 52-week low. The company’s market capitalisation stands at ₹28,802.38 crore. The share price has surged 67 percent over the past one year.
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