India's Garden Reach jumps on possible deal agreement

Garden Reach Shipbuilders & Engineers

22/07/2024 08:37

** Garden Reach Shipbuilders & Engineers  GRSE.NS  rise as
much as exchange-allowed maximum of 5% at 2,578.10 rupees
    ** Warship building co says it has entered non-binding MoU
with Merlinhawk Aerospace for development of composite doors and
hatches for naval ships, counter UAV solution among others
    ** Adds, it has also entered into non-binding MoU with
Kerala State Electronics Development Corp to develop
technologies for under water surveillance
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since May 9
    ** Stock last up 4.8% taking YTD gains to 194.5%



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))