Shares of Garden Reach Shipbuilders & Engineers (GRSE) jumped nearly 20%, hitting the upper circuit after the company reported strong financial results. The defence PSU posted record revenue of around ₹6,400 crore, showing solid growth over the previous year.
The rally was also supported by rising investor interest in defence stocks, driven by increasing government focus and global tensions. GRSE’s delivery of several warships to the Indian Navy further boosted confidence in the company’s performance.
While the sharp rise highlights strong momentum, analysts say the stock may see some volatility in the short term despite a positive long-term outlook.