GRSE

** India's defence stocks .NIFTYINDDEFENCE up more than 1% to seven-week high of 6,243.6 points; set for sixth straight day of gains

** Defence acquisition council approves purchase of arms and equipment worth more than 540 billion rupees ($6.3 billion)

** Defence index up more than 10% so far this week on bargain hunting and deal wins; YTD, index is down about 4%

** Garden Reach Shipbuilders & Engineers GRSE.NS up 30% for the week, signs pact with public works authority to supply steel bridges in Nagaland state

** GRSE on course for biggest pct gains since May 2024

** Cochin Shipyard COCH.NS and Mazagon Dock Shipbuilders MAZG.NS up nearly 12% each for the week, set for best pct gains since November 2024

** Bharat Electronics BAJE.NS and Hindustan Aeronautics HIAE.NS up 6.4% and 15%, respectively, for the week, while Ideaforge Technology IDEF.NS and Bharat Dynamics BARA.NS jump 19% and 15%, respectively

(Reporting by Vivek Kumar M)

(([email protected];))

** Shares of Garden Reach Shipbuilders & Engineers GRSE.NS rises 8.6% to 1783 rupees, highest since Dec. 17

** Warship builder signs pact with Nagaland's public works authority to supply steel bridges in the state

** Co did not disclose financial details of the deal

** Stock logs busiest session in over eight months, with more than 9.5 mln shares traded, 5.9x the 30-day avg

** Stock trades above 50-,100- day moving avgs; surpasses 200-DMA, signaling bullish momentum

** Stock up 6% so far this year, on top of an 85% jump in 2024

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** Shares of India's Garden Reach Shipbuilders & Engineers GRSE.NS soar 20%, on course for their steepest-ever daily percentage rise

** Other defence stocks rise as well; Nifty India Defence .NIFTYINDDEFENCE up 5%

** Bargain-hunting and Germany's massive defence spending boost sentiment

** "Street is expecting some benefits to flow through for domestic defence players especially in shipping sector," says Sunny Agrawal, head of fundamental equity research at SBICAPS Securities, on Germany's defence spending boost

** Adds, recent correction offers some valuation comfort in defence stocks

** Ideaforge Technology IDEF.NS and Mazagon Dock Shipbuilders MAZG.NS jump 16% and 10%, respectively, while Cochin Shipyard COCH.NS is up 9%

** Hindustan Aeronautics HIAE.NS and Bharat Dynamics BARA.NS jump 4.5% and 6%, respectively, while Paras Defense and Space Technologies PRAF.NS gains 5%

** YTD, GRSE, BARA, and MAZG turn positive, while COCH, PRAF, HIAE, and IDEF are still in the red

** Defence index up 19% so far in March, on course to snap a three-month losing streak

(Reporting by Vivek Kumar M)

(([email protected];))

Feb 20 (Reuters) - Garden Reach Shipbuilders & Engineers Ltd GRSE.NS:

• SIGNS CONTRACT FOR REFIT OF MAURITIUS COAST GUARD SHIP

• CONTRACT SIZE 1.23 BILLION RUPEES PLUS 15% GROWTH OF WORK

Source text: ID:nBSE889ZjH

Further company coverage: GRSE.NS

(([email protected];;))

** Shares of Indian shipbuilding stocks jump as Finance Minister Nirmala Sitharaman unveils maritime development fund with corpus of 250 bln rupees ($2.89 bln) in budget

** Garden Reach Shipbuilders and Engineers GRSE.NS and Mazagon Dock Shipbuilders MAZG.NS rise 3.4% and 1.7% respectively; Shipping Corp of India SCI.NS jumps 5.3%

($1 = 86.5360 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of Apollo Micro Systems APLL.NS climb ~7% to 133.36 rupees

** Engineering firm inks pact with Garden Reach Shipbuilders & Engineers GRSE.NS for joint development and supply of weapons and electronic systems

** GRSE stock up 2.4%, set for third straight session of gains

** APLL climbed 1.3% in 2024 while GRSE jumped ~85%

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Jan 29 (Reuters) - Garden Reach Shipbuilders & Engineers Ltd GRSE.NS:

• SIGNS MOU WITH APOLLO MICRO SYSTEMS

• MOU TO JOINTLY DEVELOP UNDERWATER AND AIR DEFENCE SYSTEMS

Source text: ID:nBSE6MJp9f

Further company coverage: GRSE.NS

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** Garden Reach Shipbuilders GRSE.NS gains 2.3% to 1,800 rupees; set to gain for second straight week

** Aerospace and defense products maker signs contract for construction and delivery of second ship from series of 4 additional vessels of 7,500 deadweight tonnage each

** Naval Physical and Oceanographic Laboratory's Oct. 18 order valued at 4.91 bln rupees ($58 mln)

** Stock rated "hold" on avg; median PT is 1,500 rupees - LSEG

** GRSE has more than doubled YTD; eyes best yearly gain since 2022

($1 = 84.6530 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected]))

Dec 5 (Reuters) - Garden Reach Shipbuilders & Engineers Ltd GRSE.NS:

• SIGNS CONTRACT FOR CONSTRUCTION AND DELIVERY OF MULTI-PURPOSE VESSELS

Source text: ID:nBSE4VFQ27

Further company coverage: GRSE.NS

(([email protected];;))

Nov 19 (Reuters) - Garden Reach Shipbuilders & Engineers Ltd GRSE.NS:

• SIGNED CONTRACT WORTH 2.26 BILLION RUPEES

• SIGNS CONTRACT WITH GOVERNMENT OF WEST BENGAL FOR 13 HYBRID FERRIES

Source text: ID:nBSE3pKPCX

Further company coverage: GRSE.NS

(([email protected];;))

** Garden Reach Shipbuilders and Engineers GRSE.NS rises ~2% to 1,406 rupees

** Co's Q2 PAT rises 21% y/y; rev from ops up 28%

** Stock set to snap five straight sessions of declines

** GRSE gains 60% YTD

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Nov 13 (Reuters) - Garden Reach Shipbuilders & Engineers Ltd GRSE.NS:

• GARDEN REACH SHIPBUILDERS SEPT-QUARTER PROFIT 977.7 MILLION RUPEES

• GARDEN REACH SHIPBUILDERS SEPT-QUARTER REVENUE FROM OPERATIONS 11.53 BILLION RUPEES

Further company coverage: GRSE.NS

(([email protected];))

Oct 29 (Reuters) - Garden Reach Shipbuilders & Engineers Ltd GRSE.NS:

• SIGNED CONTRACT FOR A ACOUSTIC RESEARCH SHIP

• DEAL FOR 4.91 BILLION RUPEES

Source text: ID:nBSE2SXTlQ

Further company coverage: GRSE.NS

(([email protected];;))

** Shares of Garden Reach Shipbuilders & Engineers GRSE.NS rise as much as 6% to 1,870 rupees

** GRSE on Friday said it received letter of intent for order worth about 4.91 bln rupees ($58.4 mln)

** More than 1.5 mln shares change hands, 1.2x of 30-day avg

** Avg rating of three analysts equivalent of "sell", median PT is 1,370 rupees - LSEG data

** Stock fell 18% in September quarter, the biggest quarterly drop since March 2020

** Stock last up 4.8%, bumping YTD gains to 111.6%

($1 = 84.0680 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** Shares of Cochin Shipyard COCH.NS slump 3.4% to 1,615 rupees

** Indian government set to offload about 5% stake in the shipbuilding firm at an ~8% discount on last close

** The government held a 72.86% stake in COCH, as of June 30

** Stock up ~147% YTD as of last close, vs a 103% rise in rival Garden Reach Shipbuilders GRSE.NS YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Garden Reach Shipbuilders GRSE.NS up 1.5%

** Rose as much as 2.5% earlier in biggest intraday jump since Sept. 20

** Shipbuilder gets two contracts worth 2.26 bln rupees ($27 mln) to make hybrid electric ferries

** GRSE sees busiest day in over a week, with over 842,000 shares traded

** Stock up 91% YTD vs 80% surge in peer Mazagon Dock Shipbuilders MAZG.NS

($1 = 83.9380 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Sept 18 (Reuters) - Garden Reach Shipbuilders & Engineers Ltd GRSE.NS:

• GETS ORDER FOR CONSTRUCTION, DELIVERY OF ADDITIONAL 4 VESSELS

• GETS ORDER WORTH $54 MILLION

Source text for Eikon: ID:nBSE1fghxR

Further company coverage: GRSE.NS

(([email protected];;))

Corrects to remove extraneous words in first bullet point

** Defence stocks up; BEML's BEML.NS 3.6% rise is largest

** India's defence ministry approved purchases worth 1.45 trln rupees ($17.27 bln) of military equipment

** Nomura says BEML is among potential beneficiaries of the key order for Future Ready Combat Vehicles; adds that HAL's HIAE.NS aircraft order was in line with its expectation and already factored into estimates

** Antique Stock Broking says state-run defence cos have strong growth opportunity near-to-long term with the approval

** BEML set for best day since Aug. 7

** Shipbuilding stocks had risen on Tuesday on reports that government will approve the defence projects

** Bharat Forge BFRG.NS only one in the pack that is down

* Data from LSEG

($1 = 83.9525 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

** Shares of Garden Reach Ship Building GRSE.NS rise 5.4%, Mazagon Dock Shipbuilders MAZG.NS up 6.4% and Cochin Shipyard COCH.NS up 3%

** MAZG stock top gainer in Nifty mid-cap index .NIFMDCP100, which is up 0.5%

** Media reports say India govt will approve multiple defence projects, including contract worth 700 bln rupees ($8.34 bln) to Indian shipyards

** COCH and MAZG stock rated as "hold" by LSEG analysts on avg, while GRSE is "sell" rated

** COCH top gainer among shipbuilding stocks, up 180% YTD, while GRSE up 121% and MAZG up 95%

($1 = 83.9280 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Aug 30 (Reuters) - Garden Reach Shipbuilders & Engineers Ltd GRSE.NS:

• SIGNED MOU WITH NATIONAL HIGHWAY INFRASTRUCTURE DEVELOPMENT

• MOU FOR LAUNCHING OF DOUBLE-LANE CLASS 70 MODULAR STEEL & BAILEY BRIDGES

Further company coverage: GRSE.NS

(([email protected];))

** Shares of Mazagon Dock Shipbuilders MAZG.NS settle 3.4% higher at 4,998.50 rupees

** Shipbuilding co's Q1 consol profit more than doubles to 6.96 bln rupees ($82.92 million), as raw material costs dip 23%

** MAZG stock has more than doubled in 2024, but trails other major shipbuilders

** MAZG is up 118% YTD vs a 226% rise in Cochin Shipyard COCH.NS and a 125% increase in Garden Reach Shipbuilders GRSE.NS

($1 = 83.9370 Indian rupees)

(Reporitng by Nishit Navin)

(([email protected];))

Aug 8 (Reuters) - Garden Reach Shipbuilders & Engineers Ltd GRSE.NS:

• JUNE-QUARTER PROFIT 871.9 MILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 10.10 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: GRSE.NS

(([email protected];))

** Indian garments maker Pearl Global Industries PGIL.NS falls 3.3%, consumer goods maker Marico MRCO.NS drop 3.8%

** Cos among those that have highest revenue exposure to Bangladesh at 24% and 11%, respectively, stoking concerns, analysts at SMC Global and Motilal Oswal say, as Bangladesh grapples with political unrest after Sheikh Hasina's resignation as PM on Monday

** MRCO says it is watchful of ongoing issues in Bangladesh and impact is not immediately clear

** Garden Reach Shipbuilders GRSE.NS, which gets vessel orders from Bangladesh and calls it a "focus" country, down 3.4%

** Meanwhile, Indian garment makers rise on the day on hopes that because of unrest, big brands outsourcing their manufacturing to Bangladesh may see India as an option, analyst says

(Reporting by Hritam Mukherjee and Bharath Rajeswaran in Bengaluru)

(([email protected];))

Garden Reach Shipbuilders & Engineers Ltd GRSE.NS:

• GARDEN REACH SHIPBUILDERS- ENTERED INTO NON-BINDING MOUS WITH MERLINHAWK AEROSPACE

• GARDEN REACH SHIPBUILDERS- FINANCIAL IMPACT OF AFORESAID MOUS HAS NOT YET BEEN ASCERTAINED

Source text for Eikon: ID:nBSExMXwj

Further company coverage: GRSE.NS

July 16 (Reuters) - Garden Reach Shipbuilders & Engineers Ltd GRSE.NS:

• SIGNED CONTRACT WITH NCPOR

• CONTRACT VALUE AT 8.4 BILLION RUPEES

Source text for Eikon: ID:nBSE1FVPVc

Further company coverage: GRSE.NS

(([email protected];))

** Shares of Indian shipping companies up 5%-20%

** Government may announce incentives and launch Maritime Development Fund (MDF) for shipping services providers and shipbuilders in July 23 budget, broadcaster CNBC Awaaz reports, citing sources

** Adds, MDF likely to receive allocation of 150 bln rupees to 200 bln rupees (1.79 bln-$2.39 bln) to help shipbuilders, like Shipping Corp SCI.NS, avail long-term loans at lower costs

** SCI and peer Shreyas Shipping SRSH.NS up 20% each; SCI at record high while SRSH eyes best day since May 2023

** Garden Reach Shipbuilders GRSE.NS, Cochin Shipyard COCH.NS and Mazagon Dock MAZG.NS up 5% each; Seamec SEAM.NS up 6.4% at record high

($1 = 83.5685 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Shares of India's Garden Reach Shipbuilders & Engineers GRSE.NS up 9% at record high of 2,297 rupees

** State-run co on Monday won order worth $21 mln from Bangladesh govt

** Co top gainer in Nifty 500 index .NIFTY500, which is up 0.4%

** Stock up 160% YTD vs 16% gains in Nifty 500

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of India's Garden Reach Shipbuilders and Engineers GRSE.NS up 6.3% at 1,747.85 rupees after rising as much as 9.3% earlier in the session

** State-owned shipbuilder gets order worth ~$54 million for construction of four multi-purpose vessels from Germany's Carsten Rehder Schiffsmakler and Reederei GmbH

** If gains hold, GRSE set to snap three-session losing run

** YTD stock has surged 103% after jumping 80% in 2023 - its third straight annual gain

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of Indian defence shipmaker Garden Reach Shipbuilders & Engineers GRSE rise as much as 8.5% to 1,408 rupees

** Co becomes lowest bidder for contract to construct research vessel for Defence Research and Development Organisation (DRDO)

** Order likely to be worth 5 bln rupees ($60 mln), co says

** GRSE eyes third straight day of gains

** Stock trading above 50-day, 100-day and 200-day simple moving averages since April 16

** So far, stock rises 54.1% YTD, last up 3.7%

($1 = 83.4000 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru)

(([email protected]))

** Shares of Garden Reach Shipbuilders & Engineers GRSE.NS surge as much as 19.5% to a record high of 1,424.80 rupees

** Stock posts biggest intraday pct gain since August 2023

** Co reports over two-fold jump in March-qtr profit at 1.12 bln rupees ($13.5 mln)

** Revenue from operations up about 69% to 10.16 bln rupees

** More than 5.2 mln shares traded by 10:07 a.m. IST, 2.7x the 30-day avg

** Including session's gain, stock is up 62.2% YTD, outpacing peer Mazagon Dock Shipbuilders MAZG.NS, which is up 34.9%

($1 = 83.2780 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))