GRSE

Garden Reach Shipbuilders is in the spotlight after reporting solid quarterly numbers, which is driving positive sentiment in the defence PSU space. Q4 profit rose ~24% YoY, while revenue increased ~29% YoY Order visibility remains strong due to ongoing defence contracts The stock continues to benefit from the government’s defence indigenisation push The company’s strong execution and healthy order book pipeline are supporting the medium-term growth outlook. The defence sector remains structurally bullish, and GRSE is emerging as a key beneficiary. View: Positive bias as long as the stock sustains above key support levels. Momentum may continue if volumes remain strong.