{"id":113520,"date":"2023-11-10T11:35:38","date_gmt":"2023-11-10T06:05:38","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113520"},"modified":"2023-11-10T11:35:43","modified_gmt":"2023-11-10T06:05:43","slug":"defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/","title":{"rendered":"Defence stock in green after company received an LoI worth \u20b9 840 Cr; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-960678069\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this leading Warship builder gained 1.5 percent to Rs 790.95 per share on Friday after the company received a Letter of Intent from the National Centre for Polar and Ocean Research (NCPOR).&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1244302295\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 10:45 a.m., <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GRSE\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Garden Reach Shipbuilders &amp; Engineers Ltd<\/a><\/strong>. shares were trading at Rs 788.35 a share, up Rs 9.20 or 1.18 percent on the National Stock Exchange, with a market value of Rs 9,012 crores.\u00a0<\/p><p>According to the company\u2019s exchange filing, the Company received a letter of intent from the National Centre for Polar and Ocean Research (NCPOR) for the Construction and Delivery of an Ocean Research Vessel. The total contract value is around Rs 840 crore including taxes. A detailed contract is under finalization and is yet to be signed.&nbsp;<\/p><p>Garden Reach Shipbuilders &amp; Engineers revenue has increased by 30 percent year on year, from Rs 579 crore in Q1FY23 to Rs 755 crore in Q1FY24. During the same period, Net profit has jumped by 52 percent from Rs 50 crore to Rs 76 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3752032075\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The Company&#8217;s return on equity increased from 15.06 percent in FY22 to 16.13 percent in FY23, while the return on capital employed rose from 19.31 percent to 20.30 percent during the same period.&nbsp;<\/p><p>In the recent financial year, the company reported a Net profit margin of 8.90 percent and an operating profit margin of 12.17 percent.&nbsp;<\/p><p>According to the recent shareholding pattern, The Garden Reach Shipbuilders &amp; Engineers promoters hold 74.5 percent of the company, while Foreign institutional investors hold 3.34 percent and retail investors hold 16.2 percent.&nbsp;<\/p><p>Garden Reach Shipbuilders &amp; Engineers Ltd is a leading shipbuilding company in India under the Ministry of Defence. The company primarily serves the shipbuilding requirements of the Indian Navy and the Indian Coast Guard, For the development of anti-submarine warfare corvettes, survey vessels, offshore patrol vessels, etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1830036586\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this leading Warship builder gained 1.5 percent to Rs 790.95 per share on Friday after the company received a Letter of Intent from the National Centre for Polar and Ocean Research (NCPOR).&nbsp; At 10:45 a.m., Garden Reach Shipbuilders &amp; Engineers Ltd. shares were trading at Rs 788.35 a share, up Rs 9.20 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[14245,14247,14246,14244,948,936],"class_list":["post-113520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-garden-reach-shipbuilders-latest-news","tag-garden-reach-shipbuilders-latest-order","tag-garden-reach-shipbuilders-loi","tag-garden-reach-shipbuilders-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Defence stock in green after company received an LoI worth \u20b9 840 Cr; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this leading Warship builder gained 1.5 percent to Rs 790.95 per share on Friday after the company received a Letter of Intent from the National Centre for Polar and Ocean Research (NCPOR).\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Defence stock in green after company received an LoI worth \u20b9 840 Cr; Check the details\" \/>\n<meta property=\"og:description\" content=\"The shares of this leading Warship builder gained 1.5 percent to Rs 790.95 per share on Friday after the company received a Letter of Intent from the National Centre for Polar and Ocean Research (NCPOR).\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-10T06:05:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-10T06:05:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Defence-ship.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/\",\"url\":\"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/\",\"name\":\"Defence stock in green after company received an LoI worth \u20b9 840 Cr; Check the details - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Defence-ship.jpg\",\"datePublished\":\"2023-11-10T06:05:38+00:00\",\"dateModified\":\"2023-11-10T06:05:43+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"The shares of this leading Warship builder gained 1.5 percent to Rs 790.95 per share on Friday after the company received a Letter of Intent from the National Centre for Polar and Ocean Research (NCPOR).\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Defence-ship.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Defence-ship.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Defence stock in green after company received an LoI worth \u20b9 840 Cr; Check the details\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Defence stock in green after company received an LoI worth \u20b9 840 Cr; Check the details - Trade Brains Features","description":"The shares of this leading Warship builder gained 1.5 percent to Rs 790.95 per share on Friday after the company received a Letter of Intent from the National Centre for Polar and Ocean Research (NCPOR).\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/","og_locale":"en_US","og_type":"article","og_title":"Defence stock in green after company received an LoI worth \u20b9 840 Cr; Check the details","og_description":"The shares of this leading Warship builder gained 1.5 percent to Rs 790.95 per share on Friday after the company received a Letter of Intent from the National Centre for Polar and Ocean Research (NCPOR).\u00a0","og_url":"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-11-10T06:05:38+00:00","article_modified_time":"2023-11-10T06:05:43+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Defence-ship.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/","url":"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/","name":"Defence stock in green after company received an LoI worth \u20b9 840 Cr; Check the details - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Defence-ship.jpg","datePublished":"2023-11-10T06:05:38+00:00","dateModified":"2023-11-10T06:05:43+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"The shares of this leading Warship builder gained 1.5 percent to Rs 790.95 per share on Friday after the company received a Letter of Intent from the National Centre for Polar and Ocean Research (NCPOR).\u00a0","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Defence-ship.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Defence-ship.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/defence-stock-in-green-after-company-received-an-loi-worth-840-cr-check-the-details\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Defence stock in green after company received an LoI worth \u20b9 840 Cr; Check the details"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/113520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=113520"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/113520\/revisions"}],"predecessor-version":[{"id":113522,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/113520\/revisions\/113522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/104324"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=113520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=113520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=113520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}