India's Garden Reach Shipbuilders up after order win

Garden Reach Shipbuilders & Engineers

04/10/2024 08:30

** Shares of Garden Reach Shipbuilders  GRSE.NS  up 1.5%
    ** Rose as much as 2.5% earlier in biggest intraday jump
since Sept. 20
    ** Shipbuilder gets two contracts worth 2.26 bln rupees ($27
mln) to make hybrid electric ferries
    ** GRSE sees busiest day in over a week, with over 842,000
shares traded
    ** Stock up 91% YTD vs 80% surge in peer Mazagon Dock
Shipbuilders  MAZG.NS 
 
 ($1 = 83.9380 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))