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Garden Reach shares rise 5% on Navratna status; here's what analysts say
Garden Reach Shipbuilders & Engineers is a defence public sector undertaking, under the administrative control of Ministry of Defence.
GRSE jumps after securing Navratna status
Garden Reach Shipbuilders & Engineers (GRSE) rose 3.51% to Rs 2,896.50 after the company announced that it had been granted Navratna status by the Department of Public Enterprises (DPE) under the Ministry of Finance.
Defence stock Garden Reach Shipbuilders jumps 5% after being conferred with Navratna status
Garden Reach Shipbuilders & Engineers shares rose nearly 5% following the DPE granting Navratna status due to its strong financial performance. Revenue jumped from ₹1,754 crore to ₹7,002 crore in five years, aiding broader initiatives like Atmanirbhar Bharat.
GRSE secures Navratna status from Government of India
Garden Reach Shipbuilders & Engineers (GRSE) has been granted Navratna status by the Department of Public Enterprises (DPE) under the Ministry of Finance.
Garden Reach Shipbuilders gets Navratna tag from government
GRSE is expanding capacity through brownfield and greenfield projects. The company has built more than 800 marine platforms and delivered 118 warships to the Indian Navy, Coast Guard and friendly foreign countries.
Mark Zuckerberg paid $14billion for Alexandr Wang's AI; Meta's own engineers still reach for Claude
Mark Zuckerberg hired Alexandr Wang for $14 billion, ditched open source and built Muse Spark to take on Claude and Gemini. Wall Street is down 18%. Developers are not returning calls. And 97% of revenue still comes from ads. Here is where Meta's great AI gamble actually stands.
GRSE appoints Defence Ministry's Dr Vijay N Zade as government nominee director
Garden Reach Shipbuilders & Engineers (GRSE) said the Ministry of Defence has nominated Dr Vijay Namdeorao Zade, Joint Secretary (Naval Systems), as Part-Time Official Director (Government Nominee Director) on its board.
Five Stocks To Buy: ACME Solar, M&M, Groww And More | June 03, 2026
Top picks include green energy player ACME Solar, automotive giant M&M, fintech major Groww, home appliances player Voltas, and GRSE.
Kolkata-based Defence PSU GRSE lays keel for 4th vessel in German MPV project
Garden Reach Shipbuilders and Engineers in Kolkata has laid the keel for the fourth multi-purpose vessel. This is part of a large order for German shipping company Carsten Rehder. The project marks a significant expansion for GRSE into the global commercial shipbuilding market. The vessels are advanced CORAL 7500 DWT multi-purpose ships. This contract highlights GRSE's growing international presence.
GRSE Says Rs 33,000 Crore Navy Corvette Contract Could Be Signed This Quarter
Garden Reach Shipbuilders said price negotiations for the Navy's Next Generation Corvette programme have been completed, with contract signing now expected in the current quarter.
Sensex Today Rallies 609 Points | Nifty Above 24,150 | Garden Reach Shipbuilders & Engineers Up 12% - Equitymaster
Sensex Today Rallies 609 Points | Nifty Above 24,150 | Garden Reach Shipbuilders & Engineers Up 12%Equitymaster
IndiGo may see near-term pressure; Eternal upside limited: Dharmesh Kant
Dharmesh Kant, Head Research at Chola Securities, outlined a mixed sector view. He expects a temporary impact on InterGlobe Aviation due to fuel costs but sees structural strength supporting recovery. On Eternal, he flagged execution risks in expansion and margin assumptions despite near-term valuation support. In defence, he prefers Mazagon Dock Shipbuilders over Garden Reach Shipbuilders & Engineers, citing a strong order pipeline and potential gains from a large submarine contract. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.