The Garden Reach Shipbuilders & Engineers share price moved higher in stock market today trade, tracking positive sentiment around recent strategic developments. The uptick reflects growing investor attention on the company’s steady flow of government-linked contracts and collaboration-led growth, without any speculative triggers.
Market Performance: Garden Reach Share Price in Focus
Garden Reach Shipbuilders & Engineers shares gained close to 2% in early trade on February 10, reacting to fresh corporate developments.
At around 09:17 am, the stock was trading at:
- ₹2,561.20 on the BSE
- Up by ₹46.85
- A gain of 1.86%
The move extended the stock’s recent momentum, following a strong close in the previous session.
Main News: MoU with Hindustan Shipyard Drives Sentiment
The key trigger behind the rise in the Garden Reach Shipbuilders & Engineers share price was the signing of a Memorandum of Understanding with Hindustan Shipyard.
This MoU is aimed at:
- Forming a consortium structure
- Undertaking a large-scale national shipbuilding programme
- Supporting a strategically significant project at the national level
While no financial numbers were disclosed as part of this agreement, markets generally read such partnerships as a signal of execution capacity and long-term visibility, especially in defence and shipbuilding spaces linked to public-sector initiatives.
Company Developments Supporting the Stock Movement
Beyond the Hindustan Shipyard tie-up, Garden Reach Shipbuilders & Engineers has seen a series of operational developments over the past few months, which continue to shape overall market perception.
Recent Government Contract
In the previous week, Garden Reach Shipbuilders & Engineers formalised a fresh agreement with the Ministry of External Affairs of India, adding another government-backed assignment to its order book.
- The second refit of the Seychelles Coast Guard Ship PS Zoroaster
- Contract value of approximately ₹33 crore
Such contracts reinforce the company’s presence in defence-related marine services.
January MoU in Marine and Defence Equipment
In January, Garden Reach Shipbuilders & Engineers entered into another MoU, this time with M/s K2 Cranes & Components.
The agreement covers:
- Design and development
- Manufacturing of marine, defence, and shipyard cranes
- Supply of related equipment
This move broadened the company’s scope across ancillary defence and shipyard infrastructure segments.
Financial Snapshot: Q3FY26 Performance
On the financial front, the company delivered strong year-on-year growth in the third quarter of FY26.
Q3FY26 consolidated numbers showed:
- Net profit: ₹170.8 crore
- Up 73.9% YoY
- Compared with ₹98.2 crore in the same quarter last year
- Revenue: ₹1,895.7 crore
- Growth of 49.1% YoY
- Versus ₹1,271 crore in the year-ago period
The sharp jump in both profit and revenue reflects execution progress across ongoing projects during the quarter.
Stock’s Broader Trading Context
In the previous trading session, Garden Reach Shipbuilders & Engineers shares:
- Closed at ₹2,514.35
- Gained ₹112.80, or 4.70%
Over the past year, the stock has delivered:
- 67% one-year price growth
Key price levels remain part of the broader context:
- 52-week high: ₹3,535.00 (June 23, 2025)
- 52-week low: ₹1,180.10 (March 4, 2025)
As of the current level, the share price is:
- 28.87% below its 52-week high
- 113.06% above its 52-week low
The company’s market capitalisation stands at ₹28,802.38 crore.
Summary: What’s Driving Garden Reach Today?
The rise in the Garden Reach Shipbuilders & Engineers share price in stock market today is rooted in a combination of steady execution and strategic positioning rather than short-term speculation.
Key takeaways:
- Nearly 2% rise following the Hindustan Shipyard MoU
- Focus on large-scale national shipbuilding programmes
- Recent ₹33 crore MEA contract adds visibility
- Strong Q3FY26 financial growth
- Continued activity in defence and marine infrastructure segments
Overall, the stock’s movement reflects market attention on execution-led updates and sustained operational momentum, keeping Garden Reach Shipbuilders & Engineers firmly on investor radar.
Source: Moneycontrol
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