BOM:542011

Choice Equity Starts Garden Reach Shipbuilders & Engineers at Buy with INR3,500 Price Target

Garden Reach Shipbuilders & Engineers (BOM:542011, NSE:GRSE) has an average rating of overweight and mean price target of 3,017.67 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Elara Securities Downgrades Garden Reach Shipbuilders & Engineers to Sell from Reduce; Price Target is INR2,230

Garden Reach Shipbuilders & Engineers Clocks Gains in Fiscal Q4 Profit; Shares Jump 11%

Garden Reach Shipbuilders & Engineers (NSE:GRSE, BOM:542011) recorded a rise in its profit to 3.03 billion Indian rupees in the fiscal fourth quarter against 2.44 billion rupees a year ago, according to a Tuesday filing to the Indian stock exchanges by the shipbuilder.Shares of the company jumped nearly 11% in recent trade.Earnings per share climbed to 26.47 rupees compared with a year-ago figure of 21.32 rupees.Revenue from operations in fiscal Q4 also increased to 21.2 billion rupees from 16.4 billion rupees a year earlier.The company's board also declared a final dividend of 6.70 rupees per share for the financial year 2025-26.