Archive · 8 Dec 2025
GRSE Shares Drop 12% in Five Sessions
GRSE, a company that builds ships for the Indian Navy, has seen its shares drop by 12.37% over the last five trading days.
Despite this, the company reported a 57% increase in profit for the July–September quarter compared to the same period last year.
Analysts have identified Rs 2,450–2,451 as a crucial support level for the stock.
Some experts suggest that long-term investors might consider buying the stock at these lower prices, as the company has strong prospects in the shipbuilding and defense sectors.
The government owns 74.50% of GRSE, which operates under the Ministry of Defence.
GRSE shares closed 3.14% lower at Rs 2,470.50, extending a 12.37% decline over five sessions.
Q2 FY26 profit after tax rose 57% YoY to Rs 154 crore, with EPS increasing to Rs 13.43.
Total income and revenue from operations increased by 42% and 45% YoY, respectively.
Analysts identify Rs 2,450–2,451 as a key support level; a close below could lead to further decline.
GRSE operates under the Ministry of Defence, with the government holding a 74.50% stake.
- Who
- Garden Reach Shipbuilders & Engineers Ltd (GRSE)
- What
- Shares dropped 12.37% over five trading sessions
- When
- July–September quarter (Q2 FY26)
- Where
- India
- Why
- Market consolidation and technical analysis indicating key support test
- Company
- Garden Reach Shipbuilders & Engineers Ltd (GRSE)
- Current Share Price
- Rs 2,470.50
- Profit After Tax (Q2 FY26)
- Rs 154 crore
- Earnings Per Share (Q2 FY26)
- Rs 13.43
- Total Income (Q2 FY26)
- Rs 1,746 crore
- Revenue from Operations (Q2 FY26)
- Rs 1,677 crore
- Government Stake
- 74.50%
- Key Support Level
- Rs 2,450–2,451
