Garden Reach Shipbuilders Shows Strong Trading Volume and Investor Participation Growth

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 3,361,020 shares, with a total traded value of approximately Rs 96,009.89 lakhs. Opening at Rs 2,809.0, GRSE reached an intraday high of Rs 2,896.3, marking a 5.08% increase, while the day’s low was Rs 2,800.0. The last traded price stands at Rs 2,840.0.
Notably, GRSE has outperformed its sector by 1.65% today, continuing a positive trend with a 19.7% increase over the past three days. The stock has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the delivery volume surged to 27.74 lakhs on May 22, reflecting an 86.29% increase compared to the 5-day average delivery volume, which suggests rising investor participation.

With a market capitalization of Rs 31,536.00 crore, GRSE remains a liquid stock, suitable for trades around Rs 20.74 crore based on 2% of the 5-day average traded value. Overall, Garden Reach Shipbuilders & Engineers continues to demonstrate robust performance metrics in the current market environment.