Aerospace & Defence company Garden Reach Shipbuilders & Engineers Ltd shares slipped marginally by 0.38% to end the day at Rs 1346.50 per share on Bombay Stock Exchange (BSE). GRSE shares gained over 200% in last 2-years and managed to outperform the market. In comparison, BSE Sensex gained 24.79% and BSE industrial index surged 73.96%.

The company today bagged inked a contract with Ministry of External Affairs for funding of Normal Refit of Mauritius Coast Guard Ship CGS Barracuda. The order is worth over Rs 123 crore. Meanwhile, the market capitalisation of the company stood at Rs 15,424.43 crore. Its return on equity is 21.43%. Check more details below:

Garden Reach Shipbuilders & Engineers Bags New Order From MEA

As per the exchange filing of Garden Reach Shipbuilders & Engineers dated Feb 20, 2025, “we wish to inform you that the Company has signed Contract with Ministry of External Affairs, Government of India for funding of Normal Refit of Mauritius Coast Guard Ship CGS Barracuda (MCGS Barracuda) to be undertaken by the Company. MCGS Barracuda, a warship, was constructed and supplied by GRSE to the Government of Mauritius for use of their Coast Guard in the year 2014.”

The significant terms and conditions of the order includes “normal refit of MCGS Barracuda. GRSE offer is inclusive of both services and spares (Mandatory Spares for scope as per DL only). Spares required for any additional work will be considered under Growth of Work.”

The broad consideration or size of the order is Rs 123 crore plus 15% GoW (Growth of Work /Additional Work and Additional Spares ) (excluding taxes).

GRSE Shares Performance

The 52-week high price of Garden Reach Shipbuilders & Engineers shares on BSE is Rs 2834.60 per share (05/07/2024) and 52-week low price is Rs 674.25 per share (as on 13/03/2024), respectively. GRSE shares slipped 24.24% in last 6-months, gained 63.20% in last 1-year, and surged 498.44% in last 3-years.

GRSE Shares Slip 52.5% In Last 1-Year

The stock witnessed steep decline of 52.5% from its 52-week high price of Rs 2834.60 per share, if today’s last trading price of GRSE share is considered.

Should You Buy GRSE Shares?

According to A R Ramachandran, SEBI registered Independent research analyst, “Garden Reach stock price is bullish on the Daily charts with strong support at 1201. A Daily close above resistance of 1363 could lead to 1520 in the near term.”

GRSE Dividend History

The miniratna PSU recommended a total of 13 dividends since March 27, 2019. In last 1-year, the PSU declared an equity dividend amounting to Rs 18.31 per share. It maintains a dividend yield of 1.36%.

Disclaimer: The stock has been picked from the brokerage report of A R Ramachandran. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.