India's Garden Reach hits over 3-month high on pact to supply bridges

Garden Reach Shipbuilders & Engineers

20/03/2025 08:27

** Shares of Garden Reach Shipbuilders & Engineers GRSE.NS rises 8.6% to 1783 rupees, highest since Dec. 17

** Warship builder signs pact with Nagaland's public works authority to supply steel bridges in the state

** Co did not disclose financial details of the deal

** Stock logs busiest session in over eight months, with more than 9.5 mln shares traded, 5.9x the 30-day avg

** Stock trades above 50-,100- day moving avgs; surpasses 200-DMA, signaling bullish momentum

** Stock up 6% so far this year, on top of an 85% jump in 2024

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))