GRSE shares rise 3.6% after big shipyard push | Can the stock reverse its downtrend?

Garden Reach Shipbuilders & Engineers' shares rose 3.6% after approving a ₹2,896 crore budget for a new shipyard in Raichak, West Bengal. This expansion is crucial for enhancing shipbuilding capacity, but investors are cautious about its long-term financial impact amidst recent stock declines.