Shares of Garden Reach Shipbuilders & Engineers Ltd ( ) surged 4.23 per cent on Thursday to an intraday high of Rs 2,830 but gave up most of the gains, closing marginally higher at Rs 2,715.85. The stock has still risen 64.46 per cent year-to-date (YTD).

The defence PSU recently signed five memorandums of understanding (MoUs) with strategic partners in the shipbuilding, port, and infrastructure sectors. Advertisement

From a technical standpoint, analysts remain positive on GRSE, citing strong support between Rs 2,550–2,700 and near-term resistance in the Rs 2,800–3,000 zone. A breakout could push the stock toward Rs 3,165.

Osho Krishan, Senior Analyst – Technical & Derivative Research at Angel One, said, "GRSE has been steadily gaining momentum after a strong consolidation around the R

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