Mumbai, February 10, 2026 (Udaipur Kiran): Shares of Garden Reach Shipbuilders & Engineers Limited moved higher on Tuesday after the company announced a strategic partnership with Hindustan Shipyard to boost national shipbuilding capabilities.
The stock was trading at ₹2,539.75 on the BSE, up ₹25.40 or 1.01 per cent from its previous close of ₹2,514.35. It opened at ₹2,534.80 and touched an intraday high of ₹2,595.00 and a low of ₹2,519.00. A total of 38,297 shares were traded on the counter.
The BSE Group ‘A’ stock, with a face value of ₹10, has a 52-week high of ₹3,535.00 on June 23, 2025, and a 52-week low of ₹1,180.10 on March 4, 2025. Over the past one week, the stock moved between a high of ₹2,595.00 and a low of ₹2,386.60. The company’s market capitalisation stood at ₹29,398.05 crore.
Promoters hold 74.50 per cent stake in the company, while institutional and non-institutional investors hold 4.60 per cent and 20.90 per cent respectively.
Garden Reach Shipbuilders & Engineers said it has entered into a memorandum of understanding with Hindustan Shipyard to form a consortium for a large-scale national shipbuilding programme. The collaboration aims to construct advanced maritime platforms, enhancing India’s maritime infrastructure, technological self-reliance, and long-term operational capabilities.
The partnership is expected to leverage the complementary strengths of both shipyards and reinforce the country’s indigenous shipbuilding capabilities.
Garden Reach Shipbuilders & Engineers operates under the administrative control of the Ministry of Defence and primarily serves the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
