Garden Reach Shipbuilders & Engineers stocks: Sell Garden Reach Shipbuilders & Engineers, target price Rs 390 : ICICI Securities

has a sell call to Garden Reach Shipbuilders & Engineers with a target price of Rs 390. The current market price of Garden Reach Shipbuilders & Engineers is Rs 425.7.

Founded in 1934, Garden Reach Shipbuilders & Engineers is a small company (Market Capitalization Rs 4881.06) operating in the shipping sector.

Garden Reach Shipbuilders & Engineers’ primary product/revenue segments include contract revenue, product sales, service sales, scrap, miscellaneous income and other operating income for the year ending March 31, 2022. increase.


For the quarter ended 30 September 2022, the company reported stand-alone gross revenue of Rs 722.84 Crore, representing an increase of 16.47% from the previous quarter. The company reported a net profit after tax of Rs 58.73 Crore in the latest quarter.

The company’s management team includes Commodore PR Hari, Ramesh Kumar Dash, Shantanu Bose, Sanjeev Mohanty, Sanjay Dattatreya Panse and Rajeev Prakash. We have A Kayes & Co as our auditors. As of September 30, 2022, the company has a total of 1.1 billion shares outstanding.

Reason for investment
NGOPV may not be of high value.

Promoter/FII Holdings
As of September 30, 2022, Promoter owned 74.5% of the company’s shares, FII owned 1.76% and DII owned 8.36%.

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