Espresso Shot of the Day - Garden Reach Shipbuilders and Engineers Ltd up by 15.42 percent

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Espresso Shot of the Day - Garden Reach Shipbuilders and Engineers Ltd up by 15.42 percent

April 12, 2022
Espresso Shot of the Day - Garden Reach Shipbuilders and Engineers Ltd up by 15.42 percent

GARDEN REACH SHIPBUILDERS & ENGINEERS LTD 312.15  (+15.42%) BSE – INE382Z01011 | 12THAPRIL 2022


The origin of GRSE dates back to 1884. Initially, the company was engaged in the business of operating shipbuilding and repair workshops as an unincorporated entity. It was incorporated as “Garden Reach Workshops Limited” on February 26, 1934, under the Companies Act, 1913 with the Registrar of Companies, Calcutta. It was named “Garden Reach Workshops Private Limited” on November 5, 1957. The organization was nationalized in 1960 and was soon brought under the fold of the Ministry of Defence. Since then, the share capital of the company is wholly owned by the President of India along with its nominees from time to time. Following the government acquisition, the company name was changed to “Garden Reach Workshops Limited” on November 30, 1961. The name was again changed to “Garden Reach Shipbuilders & Engineers Limited” on December 31, 1976, following the certificate of incorporation issued by the Registrar of Companies, West Bengal. In a major development in the history of the company, GRSE became a public company after a special resolution of the shareholders at an Annual General Meeting held on August 25, 2017.


Recent Drivers

  • On Apr 12, 2022, the company appointed Smt. Darshana Singh as Part-Time Non-Official Director (Independent Woman Director) on the Board of the Company
  • On Apr 06, 2022, the company appointed Shri Sanjeeb Mohanty as Part-Time Non-Official Director (Independent Director) on the Board of the Company
  • On Apr 02, 2022, the company declared an interim dividend of Rs.4.95 per equity share.
  • On Feb 18, 2022, the company reported Net Sales at Rs.486.88 crores in December 2021 up 35.39% from Rs.359.60 crore in December 2020.
  • On Feb 18, 2022, the company reported a Quarterly Net Profit of Rs.62.95 crores in December 2021, up 9.24% from Rs.57.62 crores in December 2020.
  • On Dec 28, 2021, the company appointed Sanjay Dattatraya Panse as the Part-Time Non-Official Director (Independent Director) on the Board of the Company
(Sources: Moneycontrol, Business Standard, BSE)


Technical Force*

  • S&P BSE SmallCap month till date gain up by 4.35%
  • Traded on new All-time high value 319.00
  • 3 months avg. NSE volume: 470,144
  • Quantity traded: 492,615 | Deliverable Quantity: 108,671 (22.06%)
  • Stock price jumped by more than 90% from a one-year low level: 167.65 (Apr 15, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 319.00 | 52-week-low: 167.65


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

391.50

335.65

279.35

223.50

167.20

111.35

55.05

    -

Fibonacci Pivot

335.65

292.81

266.34

249.29

223.50

197.71

180.66

154.19

111.35



Today’s Close

312.15

SMA

BSE

10 DAY

250.45

20 DAY

239.82

50 DAY

233.66

200 DAY

220.24


Some Key Ratios (Source: BSE)

Market Cap: 2575.74 Crores

PE: 15.46

OPM%: 19.68

ROE%: 16.61

Promoters holding%: 74.50

Prev. Close: 270.45



*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.