Garden Reach Shipbuilders Shows Strong Trading Activity Amidst Robust Market Performance

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has emerged as one of the most active stocks today, with a total traded volume of 10,245,151 shares and a total traded value of approximately Rs 222.15 crores. The stock opened at Rs 2,175, reflecting a significant gain of 13.59% from the previous close of Rs 1,914.8. Throughout the trading session, GRSE reached an intraday high of Rs 2,257, marking a 17.87% increase.
Over the past four days, the stock has shown a remarkable performance, gaining 26.13% in returns. It has outperformed its sector, the shipbuilding industry, which has seen a gain of 12.44%. Notably, GRSE is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Investor participation has also increased, with a delivery volume of 1,066,000 shares on May 13, reflecting a 92.74% rise compared to the 5-day average. The stock's liquidity remains robust, accommodating trade sizes of up to Rs 4.2 crores based on 2% of the 5-day average traded value. Overall, Garden Reach Shipbuilders & Engineers continues to demonstrate strong performance metrics in the current market environment.