Synopsis:
Garden Reach Shipbuilders & Engineers Ltd has delivered over 200% returns this year, and with the government set to provide a ₹5,000 crore low-interest subsidy to the domestic shipping sector, the company’s performance could receive a further boost.
The Finance Ministry is planning to offer interest subsidies under the proposed Rs. 25,000 crore Maritime Development Fund, modeled after India’s newest development finance institution, aiming to position India among the top five ship-owning nations globally by 2047.
Garden Reach Shipbuilders & Engineers Ltd with the market capitalization of 29,028.62 crore is trading at 2,538.80, up by 1.81 percent from previous day close price of 2,493.60 per equity share.
The stock has gained over 100 percent from March 2025 to the current ma