Defence PSU stock: What to do with GRSE after strong results?
Garden Reach Shipbuilders jumps after strong Q3 results, but brokerages remain divided with BUY and SELL calls, leaving retail investors weighing risks.
Defence PSU stock: What to do with GRSE after strong results?
After strong results in the December quarter, different brokerages have different opinions on Garden Reach Shipbuilders. One has advised buying, while another has recommended selling. Around 4 lakh retail investors hold nearly 17% ownership. Find out what you should do.
After strong results in the December quarter, the shares of the shipbuilding giant Garden Reach Shipbuilders are seeing strong action. At the time of writing, the stock was trading at ₹2575, up by over two percent. In Q3, the company's revenue grew by 49% and net profit by 74%. Management said that FY26 could be the best performance to date. Let's find out what the brokerages think about this stock after the results. It is worth noting that around 4 lakh retail investors hold more than 17% ownership in the company.
After the Q3 results, two different brokerages have given different opinions on Garden Reach Shipbuilders. Antique Stock Broking has maintained its BUY rating and also maintained its target of ₹3026. Elara Capital has given a SELL rating and a target of ₹2030, which is 19% lower than yesterday's closing price.
