GRSE like all other shipbuilders has been posting excellent results and has guided for even better for the next 3 years. A classical cup’n’handle break with heavy volumes can be seen on the chart breaking into a new all time high. With a mammoth order book of over 24,000 crores – GRSE is on a strong footing in terms of revenue & earnings visibility. Possible target is about 750 using fib projections although with that kind if order book and a market cap of 6500 crores there seems to be ample scope of a further re-rating in my view. Disc – invested
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