Garden Reach Shipbuilders Achieves All-Time High Amid Strong Financial Performance

Garden Reach Shipbuilders & Engineers has made headlines today as it reached an all-time high, showcasing its robust performance in the Aerospace & Defense sector. The stock has demonstrated impressive growth metrics, with a remarkable 66.52% increase over the past month and a staggering 996.61% rise over the last three years.
Today, the stock outperformed its sector by 1.27%, closing 0.29% shy of its 52-week high of Rs 2898.4. It has shown consistent gains, rising 5.97% over the last two days alone. Notably, Garden Reach Shipbuilders is trading above all key moving averages, indicating a strong bullish trend.

Financially, the company has reported a significant net profit growth of 148.75% in its latest quarterly results, with net sales reaching an all-time high of Rs 1,642.04 crore. The company maintains a low debt-to-equity ratio and has generated a commendable return on equity of 16.85%, reflecting its strong profitability.

Ranked among the top 1% of companies by MarketsMojo, Garden Reach Shipbuilders & Engineers continues to solidify its position as a leader in the market, backed by solid fundamentals and consistent returns.