Archive · 9 Jan 2026
GRSE Stock Down 18% in 6 Months
Garden Reach Shipbuilders and Engineers Ltd (GRSE) is a company that builds ships for the Indian Navy.
Their stock has gone down by 18% in the last six months, but a company called Antique Stock Broking thinks it's a good time to buy.
They believe GRSE will make a lot more money in the next two years because they have big orders to build new ships.
The Indian Navy wants to buy seven new frigates, and GRSE is in a good position to get those orders.
The company's current orders are worth about Rs 20,200 crore, and they might get even more soon.
Antique Stock Broking has set a target price of Rs 3,026 for GRSE's stock, which is higher than it is now.
GRSE stock has fallen 18% in the past six months.
Antique Stock Broking maintains a 'Buy' rating with a target price of Rs 3,026.
GRSE is the lowest bidder for the next-generation corvette order and targets similar success for the P-17B frigate programme.
Expected earnings growth of 33% in FY26 and 37% in FY27, with moderation in FY28.
Current order book stands at Rs 20,200 crore, with potential new orders valued at over Rs 30,000 crore.
- Who
- Garden Reach Shipbuilders and Engineers Ltd (GRSE)
- What
- Stock performance and future growth prospects
- When
- Past six months, with expectations for FY26 and FY27
- Where
- India
- Why
- Strong demand outlook and potential new orders
- Stock Performance
- Down 18% in 6 months
- Target Price
- Rs 3,026
- Order Book
- Rs 20,200 crore
- Expected Growth FY26
- 33%
- Expected Growth FY27
- 37%
- P-17B Programme Value
- Rs 70,000 crore
- Next-Generation Corvette Order Value
- Over Rs 30,000 crore