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GRSE shares surged nearly 7% after securing an MoU with PWD Nagaland for supplying eight Double Lane Modular Steel Bridges. The stock traded at Rs 1726.20 on BSE, up 5.18%.
GRSE shares jump 7% today
GRSE Stock Price Today: Garden Reach Shipbuilders & Engineers Ltd’s (GRSE’s) shares surged almost 7 per cent in the intraday after the defence company secured an MOU with PWD (Roads & Bridges), Nagaland for Supply of 08 Sets of Double Lane Modular Steel Bridges in the State of Nagaland.
The scrip was trading at Rs 1726.20 apiece with a gain of 5.18 per cent on BSE around 11:40 AM. The previous day close was at Rs 1641.15 apiece. The 52-week high and low remained at Rs 2,834.50 and Rs 744, respectively.
GRSE has a market cap of Rs 19,702 crore and is part of BSE 500 index.
GRSE’s first MoU With North Eastern State
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) signed a significant Memorandum of Understanding (MoU) with PWD Nagaland to supply eight sets of Double Lane Modular Steel Bridges to the state. This is GRSE’s first MoU with a North Eastern State, supporting the Government of India’s Make in India initiative for regional development.
DIG Subrato Ghosh, ICG (Retd.), Director (Personnel), GRSE, and Shri Swarai Meru, Chief Engineer, PWD Nagaland, signed the MoU in Kohima on 19 March 2025. Shri Natarajan Partheepan, General Manager (Bailey Bridges), GRSE, was also present.
GRSE has previously supplied Modular Bridges to organizations like the Border Roads Organisation (BRO) and the National Highway Infrastructure Development Corporation Ltd (NHIDCL). They have also provided bridges to several state governments and countries like Bhutan, Nepal, Myanmar, Sri Lanka, and Bangladesh. To date, GRSE has supplied over 5,800 Modular Bridges.
GRSE Share Price History
GRSE’s share price has shown significant variation over different time periods. While the stock gained substantially over 1 week, 2 weeks, and 1 month, it faced declines year-to-date, over 3 months, and 6 months. However, the long-term outlook appears positive with substantial gains over 1 year, 2 years, 3 years, 5 years, and 10 years, outperforming the Sensex and BSE Industrials benchmarks.
Notably, GRSE’s price performance surpassed both the Sensex and BSE Industrials across all durations except year-to-date, 3 months, and 6 months. The stock’s impressive growth over longer periods, particularly 5 years and 10 years, highlights its strong market position and potential for future growth.
