GRSE stock rises 5% after securing defence contract of Rs 491 crore

Shares of Garden Reach Shipbuilders & Engineers Ltd (GRSE) climbed 5% to Rs 1,847 on the BSE during Monday’s trading session, following the company’s receipt of a Letter of Intent from the Naval Physical & Oceanographic Laboratory (NPOL), which is part of the Ministry of Defence’s DRDO.

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