Garden Reach Shipbuilders & Engineers Ltd.

NSE: GRSE · Capital Goods

₹2,245.30

as of 28 Sep 2026

AI verdict · 28 Sep 2026

Bullish 62% confidence

Record FY26 earnings growth (41.8% PAT), ₹2.9k cr capex approval, and elevated dividend (196%) outweigh technical weakness; oversold RSI…

Strongest bull point

FY26 PAT surged 41.81% YoY to ₹748 crore with revenue up 37.95%, while management approved ₹2,896 crore Raichak greenfield capex and maintained 196% dividend payout, signaling confidence in cash generation and long-term value creation.

Strongest bear point

Stock has underperformed NIFTY by 2.3pp over 12 months, fallen 25% from 52-week highs, and trades 9.4% below its 200-day EMA with RSI at 33.6; greenfield capex execution risk and order-book conversion visibility are unquantified.

Technical Forecast · next 10 trading days

Expected

₹2,440.40 +8.7%

Range

₹2,426.39 – ₹2,444.20

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Every call on GRSE, misses included

Bullish 28 Sep 2026 → now Scores 28 Oct 2026

₹2,245.30 → ₹2,245.30 0.0%

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