GRSE Sees Surge in Trading Activity Amid Strong Shipbuilding Sector Performance
Garden Reach Shipbuilders & Engineers Ltd (GRSE) has seen significant trading activity, with nearly 5.9 million shares traded and a total value of around Rs 896.86 crore. The stock has shown strong performance recently, outperforming its sector and maintaining robust liquidity, reflecting its active status in the market.
Garden Reach Shipbuilders & Engineers Ltd (GRSE), a prominent player in the shipbuilding industry, has emerged as one of the most active equities today, showcasing significant trading activity. With a total traded volume of 5,868,339 shares and a total traded value of approximately Rs 896.86 crore, the stock has captured market attention.Opening at Rs 1,372.00, GRSE reached an intraday high of Rs 1,628.40, reflecting a notable increase of 19.05% during the trading session. The stock has demonstrated a strong performance over the past four days, accumulating returns of 24.44%. Despite the day's volatility, with an intraday fluctuation of 6.38%, GRSE has outperformed its sector by 10.61%, while the broader shipbuilding industry has gained 8.1%.
The stock's liquidity remains robust, with a delivery volume of 195,000 shares on March 18, although this figure represents a decline of 13.92% compared to the five-day average. Currently, GRSE's market capitalization stands at Rs 18,592.36 crore, classifying it as a mid-cap company. Overall, the stock's performance today highlights its active trading status and resilience within the shipbuilding sector.
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