GRSE share price gains up to 5% on signing global MOUs, nearly doubles investor wealth YTD. Do you own?

Stock Market Today: Garden Reach Shipbuilders & Engineers (GRSE) share price gained up to 5% during the morning trade on Monday, June 9. The gains in GRSE stock came after the company announced signing various global memoranda of understanding (MOUs) over the weekend. 

The multibagger defence stock GRSE has almost doubled year-to-date (YTD).

GRSE MOU details

GRSE on Saturday, June 7, 2025, announced that various MoUs were signed by the company while on an official delegation tour to Sweden and Denmark.

“With its long history of success in providing marine engineering goods, Garden Reach Shipbuilders & Engineers Limited (GRSE) inked a Memorandum of Understanding (MoU) with M/s Berg Propulsion, Sweden, a world leader in the design, production, and distribution of marine propulsion systems. This MOU is a strategic move to expand GRSE's line of business in the marine equipment industry. With an emphasis on current and upcoming government projects, the partnership will make use of both firms' combined technical expertise and skills in the production of propulsion-related systems and equipment,” the company said.

GRSE and M/s SunStone, Denmark, a leading provider of expedition cruise vessels, inked a Memorandum of Understanding on June 6, 2025. This MoU lays the groundwork for upcoming cooperation in the field of expedition cruise ships.

GRSE also signed a Memorandum of Intent (MoI) with M/s Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG, Germany, for the construction of four follow-on 7,500 DWT Multi-Purpose Vessels. The firm contract for the vessels is expected to be finalised by August 31, 2025.

Besides, GRSE also signed an MoU with M/s Aries Marine, a Dubai-based, established and independent engineering and design firm for offshore Platform and vessel design. This MoU aims to facilitate collaboration on identifying and developing offshore orders for platforms designed by Aries and built by GRSE.

GRSE also signed an MoU with a Global Engine Manufacturer on the same day.

GRSE share price movement

Garden Reach Shipbuilders & Engineers or GRSE share price opened at ₹3344.65, 3% higher than the previous day's closing price of ₹3246. The stock extended gains further to the highs of ₹3417.15, which translated into gains of more than 5% for the defence PSU.

GRSE share price has almost doubled year-to-date on various developments and MOUs, improving Street confidence in forward prospects.

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