New Delhi, March 6 -- Even as the ongoing US-Iran war kept the Indian stock market under pressure in Friday's session, March 6, shares of Garden Reach Shipbuilders & Engineers (GRSE) jumped 7% to reach the day's high of Rs.2,576 apiece following a key collaboration with Kalyani Strategic Systems Limited (KSSL).

The defence PSU major opened the session higher at Rs.2,432 apiece, compared to the previous close of Rs.2,409 apiece, and held on to the momentum to hit Rs.2,576 apiece, marking the highest level since February 10.

The company on Thursday announced that it had signed a Memorandum of Understanding (MoU) with Kalyani Strategic Systems Limited (KSSL) to jointly develop and promote indigenous solutions for advanced naval systems, un...