India's Garden Reach Shipbuilders jumps on Q4 profit rise

Garden Reach Shipbuilders & Engineers

29/04/2026 08:52

** Shares of India's Garden Reach Shipbuilders & Engineers GRSE.NS up 8.96% to 3,131.4 rupees

** Warship building co posted a profit of 3.03 billion Indian rupees in Q4 vs 2.44 billion a year earlier

** Antique Stock Broking says GRSE's strong Q4 growth driven by warship deliveries; revenue momentum expected to remain robust in FY27 with ongoing project execution

** Brokerage maintains "buy", hikes target price to 3,141 rupees from 3,026 rupees

** Trading vols of about 13 million shares, about 7.2x the 30 day avg of 1.9 million shares

** YTD stock up 17.64%

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))