Today, on 25th March 2025, the Garden Reach Shipbuilders and Engineering or GRSE Share Price witnessed a 5% climb in its share price. The surge followed its contract with Hamburg’s Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG.
The contract assigned GRSE the project to build the 7th and 8th Multi-Purpose Vessel (MPV) of 7,500 DWT in Hamburg, Germany. GRSE said the MPVs will be 120 metres long and 17 metres wide each. They carry a maximum draft of 6.75 metres and can take on 7,500 metric tonnes of cargo. A cargo hold to accommodate bulk will be constructed in the vessels.
GRSE Share Price in Today’s Market
The stock jumped 5% and hit the day high of Rs. 1,790. It’s 2% higher than the opening bell rate of Rs. 1,754.55. At 10:32 a.m., GRSE traded its shares for Rs. 1,721.50 each. It is nearly 1.9% higher than the opening rate. And almost 1% higher than its previous close rate of 1,704.55. According to the reports and estimates on Money Control, the current market capitalization shows 19,680 cores; the UC Limit is 2,045.45, and the LC Limit is 1,363.65.
Company Financials
As per the reports, GRSE recorded Rs. 1,271.01 crore in revenue, 37.69% up from Rs. 923.10 crore in the previous fiscal year. The net profit after tax (PAT) grew 11% year-on-year to Rs. 98 crore in Q3 FY 2024-25. GRSE also declared an interim dividend of Rs. 8.95 per share for FY 24-25.
Recent News About GRSE
- GRSE signed a MoU with Nagaland PWD in March 2025. This includes supplying 8 sets of Double Lane Modular Steel Bridges.
GRSE Share Price Target
According to analysts and experts on Trendlyne, Garden Reach Shipbuilders & Engineers Ltd. has an average target of 515. The consensus estimated a downside of -70.01% from the last price of 1717.25.
Should You Buy, Sell, Or Hold?
Most analysts on TradingView and Money Control recommend buying, and technical indicators suggest buying, too. A few on Trendlyne suggested selling the shares. Before investing in GRSE, consider its long-term performance and consult your analyst to make the perfect move.
