Defence stock Garden Reach Shipbuilders jumps 5% after being conferred with Navratna status (opens original article in a new tab)

Garden Reach Shipbuilders & Engineers shares rose 5% after receiving Navratna status from the Department of Public Enterprises, following strong financial growth with revenue increasing fourfold and profit nearly tripling over five years.

• Garden Reach Shipbuilders shares rose 5% after being granted Navratna status by DPE
• Revenue increased from ₹1,754 crore to ₹7,002 crore in five years
• Profit after tax grew from ₹190 crore to ₹748 crore during the same period