Garden Reach Shipbuilders & Engineers Ltd Sees Rs 33.36 Crores in Trading Activity Today

Garden Reach Shipbuilders & Engineers Ltd (GRSE), a small-cap player in the Aerospace & Defense sector, has shown significant trading activity today. The stock recorded a total traded volume of 1,187,673 shares, with a total traded value of approximately Rs 33.36 crore. Opening at Rs 2,805.00, GRSE reached an intraday high of Rs 2,854.00, reflecting a 2.44% increase from its previous close of Rs 2,785.90. However, it also experienced a low of Rs 2,745.90 during the trading session.
Despite the notable activity, GRSE underperformed its sector, which saw a 2.34% gain, with GRSE's performance today reflecting a decline of 1.23%. Over the past three days, the stock has demonstrated a positive trend, gaining 9.74% in returns. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong short-term performance.

Investor participation has notably increased, with a delivery volume of 952,000 shares on November 11, marking a 161.77% rise compared to the 5-day average. With a market capitalization of Rs 31,650 crore, GRSE remains a liquid stock, suitable for trades around Rs 10.71 crore based on 2% of the 5-day average traded value. Overall, Garden Reach Shipbuilders & Engineers continues to exhibit active trading dynamics within its sector.