Garden Reach Shipbuilders Share Price: The share price of Garden Rich Shipbuilders Ltd has seen an increase of over 9 percent today. After getting the new contract, the share of the company saw this surge. The contract is worth 54 million dollars. Let us tell you that the company’s share price has increased more than 3 times in the last one year.
On Monday, the company’s shares traded at Rs. opened at the level of 1721.85. Shares of Garden Rich Shipbuilders Ltd rose over 9.20 percent to Rs. An intra-day high of 1796.55 was reached.
As the dividend rains this week, these companies will trade ex-dividend
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This work has to be completed in 33 months
In a disclosure to the stock markets, the company has said that it has received work to build 4 multi-purpose vessels. The company is to hand over this to Karsten Rehder Schiffsmekler and Riederal GmbH. This work has to be completed in 33 months. Let us tell you that these ships are 120 meters long. At the same time, the cargo capacity is 7500 metric tons.
Let us tell you that earlier this month, the company received a project worth Rs 500 crore from DRDO. At the same time, the company’s revenue in the March quarter was Rs 1000 crore. The net profit during this period has been Rs 112 crores.
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Money doubled in 3 months
According to Trendlyne data, the share price of Garden Rich Shipbuilders Limited has seen an increase of over 125 percent in the last 3 months. At the same time, investors who have held the stock for a year have gained 213 percent year-to-date.
The share price of Garden Rich Shipbuilders Limited has increased by 23 percent in one month. The company’s 52-week high is Rs 1904.65. The company’s 52-week low is Rs 553.40. The market cap of the company is Rs. 20,328.40 crores. The government’s stake in the company is more than 74 percent.