Defence supplier stock rises 15% after naval warship commissioning
pre-market1 source ↓written by the desknot a recommendation
- to ₹109.01
- 15.2%
- remained stable
- 23,820.85
GEE Limited's share price surged 15.2% to ₹109.01 after it announced its role as the exclusive supplier of welding consumables for three Indian Navy warships commissioned in Kolkata. This tri-commissioning marks a significant milestone for the company amid a largely flat market.
The Nifty 50 index remained stable at 23,820.85, reflecting muted sentiment, yet GEE's performance highlights its strong market positioning in the defence sector.
Not investment advice. For informational purposes only.