India's Garden Reach Shipbuilders up on green energy vessels pact

Garden Reach Shipbuilders & Engineers

05/03/2024 04:55

** Shares of Garden Reach Shipbuilders & Engineers  GRSE.NS 
up ~1.6%, surrendering most early gains of 3.7%
    ** Warship builder signs memorandum of understanding with
Indian Register of Shipping to develop autonomous and green
energy vessels
    ** Trading volume 0.8x of 30-day avg
    ** Stock at 832.2 rupees, 34% higher than the median PT set
by three analysts covering the stock - LSEG
    ** Avg recommendation equivalent of "sell" vs a "hold" on
Mazagon Dock Shipbuilders  MAZG.NS  - LSEG
    ** So far this yr, stock down ~5% vs MAZG's 8% fall

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))