GRSE shares rise nearly 18% after record ₹6,400cr turnover
Business
Garden Reach Shipbuilders & Engineers Ltd (GRSE) shares shot up nearly 18% on Wednesday after the company announced its highest-ever annual turnover: ₹6,400 crore for FY 2025-26, up 26% from the previous financial year (FY 2024-25).
The stock climbed to ₹2,322, making investors take notice.
GRSE declares 129% interim dividend
GRSE's big year didn't stop at revenue. They declared a hefty 129% interim dividend and delivered eight ships to the Indian Navy, plus made solid progress on 12 export vessels for a German client.
Trading was buzzing with volumes way above average. This wave of good news also lifted other shipbuilding stocks like Mazagon Dock and Cochin Shipyard, which jumped as much as 20%, showing how one company's success can boost an entire industry's mood.