GRSE PSU defence stock jumps 7% after strong Q1 result
Garden Reach Shipbuilders & Engineers saw a significant jump of 7% after reporting a 30% year-on-year increase in Q1 FY26 revenue, reaching ₹1,310 crore, while net profit climbed 38% YoY to ₹120 crore. However, compared to the previous quarter, revenue took a hit, falling by 20%, and profit dropped by 51%.