India's Garden Reach Shipbuilders & Engineers up as annual turnover rises 33%

Garden Reach Shipbuilders & Engineers

01/04/2024 06:19

** Shares of Garden Reach Shipbuilders & Engineers Ltd
 GRSE.NS  rise as much as 6.4% to 813.65 rupees
    ** Warship building co says it achieved an annual turnover
of ~34 bln rupees ($407.8 mln) for FY 2023-24, up 33% y/y
    ** Stock on track to snap two sessions of losses
    ** More than 530,000 shares traded as of 10:45 a.m. IST, vs
their 30-day avg of 512,457 shares 
    ** GRSE last up 4.5%; down ~8.5% YTD


($1 = 83.3710 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))