Defense Stock: Garden Reach Shipbuilders Engineers Ltd is one of the companies whose shares have seen a rise in the stock market in the last one year. However, the status of this stock is not present in the stock market today. The company’s shares have fallen by more than 18 percent in BSE.
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Shares fell 18% today
The stock opened at the level of Rs 1803.95 in BSE today. The price of the company’s shares had fallen to Rs 1465 after falling by more than 18 percent in BSE. The company’s 52 week high level in BSE is Rs 2834.60 and 52 week low level is Rs 648.05. The market cap of the company is Rs 17,525.31 crore.
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Gadar has been cutting shares for 3 years
During the last 3 years, the share prices of this company have seen an increase of more than 600 percent. Whereas during this period, Sensex has seen a jump of 33.68 percent. Let us tell you, during the last 2 years, there has been an increase of 280 percent in the prices of shares of this defense company. The good thing for investors is that the company’s share price has increased by more than 100 percent in one year.
Brokerages are bullish
According to Business Today report, domestic brokerage house Anand Rathi has given a target price of Rs 2425 to Rs 2650 for the year. The brokerage house also advises investors to set a stop loss at Rs 1300. Apart from this, Prabhudas Lilladher Capital has set a target price of Rs 2770. This brokerage house has set the stop loss at Rs 1420.
The total stake of the government in this company is 74.50 percent. The company had traded ex-dividend last month.
(This is not investment advice. The stock market is subject to risks. Take informed decision before making any investment. The views of the experts presented here are personal. does not advise buying or selling shares on this basis. .)
