The shares of the Defence shipbuilding company focused on constructing warships for the Indian Navy and Coast Guard, jumped upto 6 percent upon signing MoU with PWD (R&B), Nagaland Price action With a market capitalization of Rs. 19,461.24 crores on Thursday, the shares of Garden Reach Shipbuilders & Engineers Limited jumped upto 6.3 percent making [...]
This Defence PSU stock which deals in the business of shipbuilding focused on the requirements of the Indian Navy and the Indian Coast Guard, expects to reach an order book of Rs. 40,000 crore in FY26. Share Price Movement In the trading session, Garden Reach Shipbuilders & Engineers Ltd's share price closed at Rs. 1,331.10 [...]
The Defence Acquisition Council (DAC) approved five acquisition proposals totaling over Rs 21,772 crore as part of efforts to strengthen defense capabilities. As part of the approval the DAC has given the Acceptance of Necessity (AoN) for various proposals which includes Water Jet Fast Attack Crafts (WJFACs), Electronic Warfare Suites, Radar Warning Systems and Advanced [...]
Investing in undervalued stocks offers an excellent opportunity to maximize returns while keeping risks relatively low. These stocks are usually trading below their intrinsic value, often as a result of market inefficiencies or short-term challenges. Here are three such undervalued companies with high growth guidance: Garden Reach Shipbuilders & Engineers Ltd With a market capitalization [...]
The shares of the leading shipbuilding company gained up to 5 percent after the company signed prestigious contracts with Carsten Rehder Schiffsmakler and Reederei GmbH & Co worth USD 54 million. Garden Reach Shipbuilders & Engineers Ltd has a market capitalization of Rs 20,138.24 crore, the shares were trading at Rs 1,757.40 per share, increasing [...]
The Foreign and Defence ministers of India and Japan met on Tuesday, August 20, 2024, for expedited talks on defence technology transfers between the two countries and to reaffirm the importance of multilateral defence cooperation and exchanges in the Indo-Pacific sea region following Chinese assertiveness in regional seas. Prime Minister Narendra Modi, with Japan’s foreign [...]
Defence stock engaged in catering to the shipbuilding requirements of the Indian Navy, Indian Coast Guards, and many others jumped 5 percent in the day’s trade upon signing multiple MoUs towards the developments of maritime applications and underwater surveillance Price Action With a market capitalization of Rs. 29,300 Crores, the shares of Garden Reach Shipbuilders [...]
India has been emerging as a superpower, particularly in terms of its economy, with the defence sector playing a crucial role in fostering its advancement. India's defence sector has attracted attention for its record-breaking exports, totaling Rs 21,083 crores in the 2023-2024 fiscal year. This marks a notable 32.5% increase from the previous year, showcasing [...]
The shares of one of India's premier warship-building firms gained 4.4 percent reaching an intraday peak of ₹1,034.20 per share after the company received an order worth $16.58 million from the government of Bangladesh. At 11:05 a.m., on Friday’s trade, Garden Reach Shipbuilders & Engineers Ltd shares were trading at ₹1,004.65 per share, up 1.39 [...]
The government’s focus on import substitution, indigenization, and export growth has significantly propelled the defence industry, leading to a 15 percent compound annual growth rate (CAGR) in the turnover of India’s defence industry. Here are some of the Defence sector stocks in which the Foreign Institutional Investors (FII)/Foreign Portfolio Investors (FPI) have increased their holding [...]
