Mumbai, October 23 (Udaipur Kiran): Shares of Garuda Construction & Engineering jumped over 7% on Wednesday after the company announced it had received a work order worth ₹231 crore for a major construction project in Chandivali, Mumbai.
The stock opened at ₹202.70 on the BSE and climbed to an intraday high of ₹219.90, before settling at ₹215.30, up ₹14.45 or 7.19% from its previous close of ₹200.85. A total of 2.63 lakh shares were traded during the session.
The BSE group ‘B’ stock, with a face value of ₹5, has a market capitalization of ₹2,003.65 crore. It has recorded a 52-week high of ₹229.90 (on September 2, 2025) and a low of ₹76.02 (on November 22, 2024). The promoters currently hold 67.56%, while institutional and non-institutional investors own 5.13% and 27.31%, respectively.
The company said the latest order involves the construction of a rehabilitation building spread over 6.17 lakh sq. ft. in Chandivali, Mumbai, to be completed within three years. With this new project, Garuda Construction’s total order book now stands at approximately ₹3,460.78 crore.
Headquartered in Mumbai, Garuda Construction & Engineering is engaged in civil construction and engineering services across residential, commercial, mixed-use, infrastructure, and industrial projects, offering comprehensive end-to-end construction solutions.
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.
