GRSE Experiences Notable Trading Activity Amid Recovery in Aerospace & Defense Sector

Garden Reach Shipbuilders & Engineers Ltd (GRSE), a prominent player in the Aerospace & Defense sector, has shown significant trading activity today. The stock recorded a total traded volume of 702,117 shares, with a total traded value of approximately Rs 189.48 lakhs. Opening at Rs 2,674.90, GRSE reached an intraday high of Rs 2,745.00, marking a gain of 2.85%, while the day’s low was Rs 2,613.30, reflecting a decline of 2.09%.
Notably, GRSE has outperformed its sector by 1.43% today, indicating a positive shift after three consecutive days of decline. The stock's last traded price stands at Rs 2,707.00, with a one-day return of 1.76%. In terms of moving averages, GRSE is currently above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day averages.

Investor participation has also seen a rise, with delivery volume increasing by 34.04% compared to the five-day average, totaling 591,000 shares. The stock's liquidity remains robust, accommodating trade sizes of up to Rs 9.02 crore based on 2% of the five-day average traded value. Overall, GRSE's performance today reflects a notable recovery in the context of recent trading trends.