Mid cap Aerospace & Defence sector PSU Garden Reach Shipbuilders & Engineers (GRSE) shares today registered sharp rally of 5.60% on Bombay Stock Exchange (BSE) to settle at Rs 1591.75 per share. Garden Reach share price surged as the Board of Directors of the company will hold meeting on February 3, 2025 to consider financial results and interim dividend for financial year 2024-25. Garden Reach Shipbuilders shares rallied over 16% in last 1-week and zoomed 73.20% in last 1-year.
The PSU declared 12 dividends since March 27, 2019 and offers a dividend yield of 0.59%. The company declared an equity dividend of Rs 9.36 per share in last 12 months. Its market capitalisation stood at Rs 18,233.81 crore with free float market cap at Rs 4,558.45 crore. The return on equity stood at 20.89%. Check key details below:
Garden Reach Shipbuilders & Engineers To Consider Financial Results, Dividend
The exchange filing of Garden Reach Shipbuilders & Engineers dated January 22, 2025, “we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 03rd February, 2025, inter a/Ja, to consider and approve the Unaudited Financial Results of the Company for the quarter and nine months ended 31 st December, 2024 and to declare Interim dividend for the Financial Year 2024-25, if any.”
Garden Reach Shipbuilders & Engineers Sets Record Date For Dividend
The exchange filing of the company added, “further, pursuant to Regulation 42 of the SEBI LODR, 2015, it is informed that the Company has fixed Friday, 07th February, 2025 as ‘Record Date’ to determine the shareholders who are entitled to get Interim Dividend for the Financial Year 2024-25, if declared by the Board of the Company.”
Garden Reach Shipbuilders & Engineers Shares Performance
The 52-week high price of Garden Reach Shipbuilders & Engineers shares on BSE is Rs 2834.60 per share (as on 05/07/2024) and 52-week low price is Rs 674.25 per share (as on 13/03/2024), respectively. Garden Reach Shipbuilders & Engineers shares slipped 35.26% when Sensex declined by 4.38% during this period. Garden Reach Shipbuilders shares offered return of 221.24% in last 2-years and soared 546% in last 3-years. In last 5-years, Garden Reach Shipbuilders & Engineers stock surged by 631.50%.
About
GRSE is presently executing three warship building projects for Indian Navy & one for the Indian Coast Guard worth approximately Rs. 25,000 crore. It consists of a Prestigious P17A Project for three Advanced Frigates and two projects won on competitive. In addition to ship building, GRSE as a diversified organisation, is also engaged in engine overhaul, assembly & testing and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Though the core competency of GRSE has been shipbuilding, more than 5300 Portable Steel Bridges have been supplied to Indian Army, Border Road Organisation, State PWDs & Central Governments, according to its official website.
Disclaimer
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