Garden Reach hits new high
By
Ruma Dubey
about 11 months ago
![No image](https://images.sptulsian.com/articles/Garden-Reach-hits-new-high.png)
Garden Reach Shipbuilders is riding high today morning; from its close of Rs.789.20, it opened much higher today at Rs.795.45 and went on to hit a new 52-week high at Rs.844.45.
The reason for the upbeat mood is on account of the signing up of an MoU with DEMPO Group to launch a collaboration model to build commercial vessels in three premier shipyards of DEMPO at Goa and Bhavnagar.
This is the company’s maiden attempt to diversify in a big way in commercial shipbuilding to capture a large market share in the construction of commercial vessels, both domestic as well as international.
2211.45 (-47.75)