Garden Reach Shipbuilder share jumps 9% after bagging $54-million export order

Garden Reach Shipbuilders & Engineers Ltd’s share price jumped by more than 9% in early exchanges on Monday, following a significant international order inflow of $54 million for the supply of commercial vessels.

The share price of Garden Reach Shipbuilders opened on Monday at ₹1721.85, more than 4% higher than the last closing of ₹1645.15 on the BSE. However, it continued to rise, reaching highs of Rs1818.20, signifying gains of more than 8%.

The share price of Garden Reach Shipbuilders increased a few days ago and it is now close to its all-time high of ₹1904.55.

As of 10:51 am, the Garden Reach Shipbuilder shares were trading 8.91% at Rs 1792.00.

Investors have received good returns from Garden Reach Shipbuilders, whose share price has increased by more than 200% in the past year. Notably, the share price of Garden Reach Shipbuilders has increased by more than 106% year to date.

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