GARDEN REACH SHIPBUILDERS SHARES
Mazagon Dock m-cap tops Rs 1 lakh crore
Mazagon Dock Shipbuilders' market cap crosses ₹1 lakh crore as stock hits record high. Defence sector stocks rally on inflows from new funds and budget expectations. Analysts recommend holding investments at current valuations.
Government to soon come out with a new shipbuilding, repair policy
The Ministry of Ports, Shipping, and Waterways is set to introduce a new Shipbuilding and Repair Policy under the 100-day action plan. Ambitious goals have outlined in Maritime India Vision 2030 and Amrit Kaal Vision 2047 to elevate India's shipbuilding industry globally. The initiative aims to revitalise the industry, increase the share of Indian-owned vessels in cargo transport, and seize a significant market opportunity by 2047.
Sensex@80,000: Fastest 10K-point rally in 139 days churns out 20 multibagger stocks
Sensex hit 80,000, its fastest 10,000-point rally from 70,000 in history. In 139 days, 20 BSE500 stocks became multibaggers. Sensex first hit 10,000 in Feb 2006, took 463 days for 20,000, and another 2,318 days for 30,000 in April 2017.
PSU shipyard GRSE to build ocean-going tug for Bangladesh
The tug's primary roles will include towing ships at sea, both alongside and astern, assisting them during berthing and casting off, and aiding in turning through pushing and pulling, the GRSE official said. The vessel will also have the capability to carry out rescue and salvage operations at sea.
GRSE shares jump 8% after signing construction contract with Bangladesh government
Shares of Garden Reach Shipbuilders & Engineers (GRSE) surged 8% to reach a new all-time high of Rs 2,268 on the BSE on Monday following the announcement of securing a contract to build an advanced ocean-going tug for the Government of Bangladesh. The project, valued at approximately $21 million, is expected to be completed within 24 months.
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Mazagon Dock shares surge over 4% amid talks of Rs 35,000 crore deal with Ministry of Defence
MDL shares rose 4.3% as discussions with MoD for Rs 35,000 crore deal on Kalvari-class submarines progress with 60% indigenous content commitment.
GRSE secures export order worth $54 mn from German co for commercial vessels
Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd has signed a $54 million contract with Germany-based shipping company Carsten Rehder Schiffsmakler und Reederei GmbH and Co. KG for the construction and delivery of four multi-purpose cargo vessels. The vessels, each 120 meters in length and 17 meters in width, will carry 7,500 metric tonnes of cargo.
Nvidia chief Jensen Huang, world's 12th richest, shares his greatest life lesson he learnt from a gardener
Nvidia CEO Jensen Huang shared a life lesson learned from a Japanese gardener. The gardener's dedication and patience taught Huang about prioritizing time and commitment. He shared it with students at California Institute of Technology. Nvidia recently surpassed Microsoft to be world's most valuable company.
Technical Breakout Stocks: Garden Reach Shipbuilders could give upto 10% upside; book profits in Mazagon Dock
The Indian market hit a fresh record high on Tuesday, tracking positive domestic cues. The S&P BSE Sensex rose over 300 points to hit a fresh record high of 77,366 while the Nifty50 rose 92 points and hit a record high of 23,579.
GRSE shares surge 8% after it becomes L1 bidder for DRDO order
GRSE further informed that the deal is still in its negotiation phase and has not been signed yet. The company has given multibagger returns of 169% to its investors in the last year while in the last 6 months, the shares of GRSE have increased by 60.3%.
Bullish Momentum: 4 stocks with White Marubozu Pattern on June 6
On June 6, these top 4 stocks with market cap over Rs 10,000 crore came to the bullish scanner of "White Marubozu", according to stockedge.com's technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest. Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session. Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.
Technical Breakout Stocks: How to trade Garden Reach Shipbuilders, Cochin Shipyard and RVNL on Friday
Sensex rose nearly 1,200 points to hit a record high of 75,499 and Nifty settled near 23,000. Buying was seen in banks, capital goods, auto and consumer durables. Healthcare and metal stocks saw little selling pressure. Garden Reach Shipbuilders rose 20% to hit a fresh record high.
GRSE shares surge 20% after posting doubling Q4 profit but ICICI Securities screams sell
Shares of PSU defense company Garden Reach Shipbuilders (GRSE) experienced a significant surge of 20% on the BSE on Thursday, reaching a new all-time high of Rs 1,424.80. This surge followed the company's announcement of a remarkable 104% year-on-year (YoY) increase in its net profit to Rs 112 crore.
Defence stocks: Stay bullish, just hedge a bit to avoid narrative-based decisions; 4 stocks with upside potential of up to 33%
One of the sectors which has seen strongest re-rating in the last four years has been defence. Now in the last few days, the way markets have corrected and a narrative has come on the street that it is poll jitters which is making FPI sell, without realizing the fact that after a strong phase of upward movement, the global money tends to move in one from one country to another, especially in emerging market segment, it might lead to a situation where one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate.
This equity mutual fund delivered highest returns in April. Know what it bought and sold in the month?
HDFC Defence Fund bought 4.8 lakh shares or 1.76% in Garden Reach Shipbuilders. In multibagger Mazagon Dock Shipbuilders and smallcap JNK India, this fund purchased 1,55,901 (1.36%) and 4,96,367 (1.28%) shares, respectively. The market value of these shares at the end of April 30, 2024, stood at Rs 47.47 crore, 36.62 crore and 34.47 crore, respectively.
4 defence stock picks by Prabhudas Lilladher that can rally up to 24%
Domestic brokerage firm Prabhudas Lilladher in its recent report has listed thematic technical picks from the defence sector. Take a look:
Buy Garden Reach Shipbuilders & Engineers, target price Rs 1080: Prabhudas Lilladher
Garden Reach Shipbuilders & Engineers Ltd., incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 10037.62 Crore) operating in Shipping sector.
Shipping stocks surge up to 12% led by multibagger Mazagon Dock
Cochin Shipyard also hit its 52-week high of Rs 1,062 on the NSE, gaining 8% in the intraday trade. Garden Reach Shipbuilders shares remained unbeaten over the past three sessions, extending gains to 18%.
Sell Garden Reach Shipbuilders & Engineers, target price Rs 500: ICICI Securities
Garden Reach Shipbuilders & Engineers Ltd. key Products/Revenue Segments include Contract Revenue, Sale of Products, Sale of services, Scrap, Other Operating Revenue and Miscellaneous Income for the year ending 31-Mar-2023.
GRSE launches two new warships for Indian Navy
Two new warships, INS Agray and INS Akshay, have been launched for the Indian Navy to enhance anti-submarine operations in coastal waters and low-intensity maritime operations. The ships, built by Garden Reach Shipbuilders and Engineers Limited (GRSE), are designed to conduct anti-submarine operations in coastal waters, low-intensity maritime operations, and mine-laying operations.
GRSE, Rolls-Royce sign license agreement to manufacture MTU S4000 govt marine engines in India
Warship company GRSE and Rolls-Royce signed an agreement to produce MTU Series 4000 Marine Engines in India. The engines will be manufactured at GRSE's Diesel Engine Plant in Ranchi. The collaboration is part of the 'Make in India' initiative and will benefit the Indian Navy and Coast Guard.
Bharat Electronics Ltd bags orders worth Rs 2,673 crore from two firms
"BEL received orders worth Rs 2,673 crore from Goa Shipyard Limited (Rs 1,701 crore) and Garden Reach Shipbuilders & Engineers ( Rs 972 crore) for supply of 14 types of sensors for use on Next Generation Offshore Patrol Vessels (NGOPV)," the filing said.
INS Sandhayak: GRSE delivers largest survey vessel built in India on Navy Day
On Navy Day 2023, Garden Reach Shipbuilders and Engineers (GRSE) delivered INS Sandhayak, the largest survey vessel built in India, to the Indian Navy. This vessel is the first of four advanced Survey Vessels (Large) (SVLs) being constructed by GRSE. Launched on December 5, 2021, INS Sandhayak replaces an earlier survey vessel of the same name, in service from 1981 to 2021.
GRSE partners with industry leaders to develop electric tugs E-VOLT 50
GRSE will be responsible for constructing the platform based on the design by Seatech, with Shift providing the energy storage expertise, and ABS ensuring compliance with all relevant regulatory standards, thereby certifying safety, reliability, and adherence to regulations.
Shipping stocks nosedive amid profit booking; Cochin Shipyard, Mazagon Dock fall up to 14%
The top loser was Cochin Shipyard whose stock fell by over 14% to the day's low of Rs 1,032.25. It was followed closely by Mazagon Dock Shipbuilders which plunged nearly 13% at Rs 2,005.10 on the NSE.
INS Vindhyagiri launched: Key things to know about Indian Navy's new warship
President Droupadi Murmu on August 17 launched INS Vindhyagiri, a stealth ship of the Indian Navy at the Garden Reach Shipbuilders and Engineers Limited in Kolkata.
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