India, March 31 -- Shares of a leading defense public sector shipyard came into sharp focus after the company announced its highest-ever annual turnover and significant delivery milestones for the financial year ending March 31, 2026. The stock witnessed volatile price action as investors weighed the record-breaking provisional revenue of Rs6,400 crore against current valuation multiples.

With a market capitalisation of Rs. 22,578 crore, the shares of Garden Reach Shipbuilders & Engineers Limited (GRSE) closed at Rs. 1,972.80 per share on Monday, down 4.62 percent from its previous closing price of Rs. 2,068.40 apiece. It is trading at a P/E of 32.8. Its ROE stands at 27.6 percent and its ROCE stands at 36.6 percent.

Record Financial an...