Archive · 29 Jan 2026
GRSE Shares Surge 5% on Strong Q3 Performance
GRSE, a company that builds ships, saw its shares go up by 5% on Thursday.
This happened because the company made more money in the third quarter than people thought it would.
The company is building a lot of ships, like frigates and corvettes, and has a big order book worth Rs 20,000 crore.
Analysts think the company's shares could go up by another 15% and have set a target price of Rs 3,026.
GRSE is also upgrading its infrastructure to build more ships and is looking to lease a dock to build larger warships.
The company's earnings are expected to grow faster than its peers in the near term.
GRSE shares climbed 5% in Thursday's trade due to strong Q3 performance.
Q3 revenue growth was 128% YoY, supported by margin expansion to 9.1%.
GRSE's order book stands at approximately Rs 20,000 crore with major projects on track.
Antique Stock Broking maintains a 'Buy' rating with a target price of Rs 3,026, hinting at 15% potential upside.
GRSE is upgrading its infrastructure to build 32 vessels by FY25 and is in discussions to lease a dock for larger warships.
- Who
- Garden Reach Shipbuilders & Engineers Ltd (GRSE)
- What
- Shares surged 5% due to strong Q3 performance
- When
- Thursday's trade
- Where
- BSE (Bombay Stock Exchange)
- Why
- Higher-than-estimated Q3 revenue growth and strong order book
- Company
- Garden Reach Shipbuilders & Engineers Ltd (GRSE)
- Share Price Increase
- 5%
- Q3 Revenue Growth
- 128% YoY
- Order Book Value
- Rs 20,000 crore
- Target Price
- Rs 3,026
- Potential Upside
- 15%
- Projected Order Book by FY28E
- Rs 62,400 crore
- Infrastructure Upgrade
- 32 vessels by FY25
