India's Garden Reach Shipbuilders soars; lowest bidder for navy contract

Garden Reach Shipbuilders & Engineers

22/05/2025 07:57

** India's Garden Reach Shipbuilders & Engineers GRSE.NS jumps 5.7% to 10-month high of 2,643 rupees

** Stock on course for ninth session of gains in 10 trading days

** Co lowest bidder for construction of next generation corvettes for Indian Navy at a likely value of more than 250 billion rupees

** More than 6.5 million shares traded, ~3x six-month average daily volume

** YTD, GRSE up 64.8%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))