As of today, March 20th 2025, the Garden Reach Shipbuilders and Engineering or GRSE Share Price experienced a surge of 6% since the opening bell. GRSE has been experiencing higher trading sessions for 5 days. Today, the share price surged after GRSE signed a Memorandum of Understanding (MoU) with Nagaland PWD for Modular Steel Bridges.
The MoU was signed by DIG Subrato Ghosh, ICG (Retd.), the Director of Personnel, and Shri Swarai Meru, the Chief Engineer of PWD Nagaland in Kohima, on March 19th. The General Manager, Shri Natarajan Partheepan, was also present.
GRSE Share Price in Today’s Market
At 12:10 p.m., GRSE’s share price was Rs. 1,729.70, nearly 1.4% higher than the opening rate. And 5.2% higher than its previous close. According to the reports and estimates on Money Control, the current market capitalization shows 19,744 cores; the UC Limit is 1,969.60, and the LC Limit is 1,313.10.
Today, GRSE shares opened to the market at Rs. 1,710.00 and are currently down by 0.1% compared to the opening bell rates and up by 3.9% compared to the previous session close of 1,641.35.
Company Financials
GRSE is an Indian shipbuilding company under the Ministry of Defence tasked with the responsibility to fulfill the shipbuilding needs of the Indian Navy and Coast Guard. The company declared its third quarter financial statements for FY 24-25 on February 3rd. As per the reports, the company recorded a revenue of Rs. 1,271.01 crore, marking a 37.69% increase compared to Rs. 923.10 crore in the same quarter of the previous fiscal year. Its net profit after tax (PAT) grew 11% year-on-year to Rs. 98 crore in Q3 FY 2024-25. GRSE declared an interim dividend of Rs. 8.95 per share for the FY 2024-25.
Recent News About GRSE
- On March 20th, GRSE signed a (MoU) with the Public Works Department of Nagaland, the company’s first project with the state.
- On March 17th, 2025, GRSE finalized the delivery of two warships to the Indian Navy, including an Advanced Stealth Frigate.
GRSE Share Price Target
Market experts said that Garden Reach Shipbuilders & Engineers Ltd. has an average target of 515. The consensus estimated a downside of -69.93% from the last price of 1712.95.
Should You Buy, Sell, Or Hold?
Reports from multiple analysts provide a mixed suggestion of Selling and buying. Money Control and Trendlyne’s analysis strongly recommend selling and holding, while TradingView supports buying the shares. Before investing in GRSE, consider its long-term performance and consult your analyst to make the perfect move.
