OICHARTS
8 AMThe 8 AM report →
ManufacturingHigh impactPre-market

GRSE approves ₹2,896 crore for new shipyard

pre-market1 source ↓written by the desknot a recommendation

capital expenditure
₹2,896 crore
and aims
21 September 2026

Garden Reach Shipbuilders & Engineers Ltd has approved a ₹2,896 crore capital expenditure for a greenfield shipyard at Raichak. This decision was made during the board meeting on 21 September 2026 and aims to enhance shipbuilding capacity in both naval and commercial sectors. 📈

This development follows an earlier announcement regarding capacity expansion with three new facilities, indicating a strategic move to strengthen operations.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 22 Sept 2026, 07:05 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

GRSE closed +1.2% on the day of the news, from ₹2,372.20 to ₹2,399.70; Nifty −0.4% over the same session.

Bulletin at 07:05 IST on 22 Sept 2026. Every change is measured from ₹2,372.20, the last close before it, on 21 Sept. Nifty 50 is measured over the same sessions.

  • GRSE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
GRSE closes around the bulletin against the close before the news, with Nifty 50 rebased to it205623722688axis spans 31%before the news · 21 Sept2372Nifty 50GRSEbulletinD0+1+3+515 Sept23 Sept1 OctReference close ₹2,372.20. 13 sessions from 15 Sept to 1 Oct; the price axis spans 31 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before21 Sept₹2,372.20basebase
On the day22 Sept₹2,399.70▲ +1.2%▼ −0.4%+1.5 pp difference
+1 session23 Sept₹2,380.60▲ +0.3%▲ +0.1%+0.2 pp difference
+3 sessions25 Sept₹2,319.00▼ −2.2%▼ −1.2%−1.1 pp difference
+5 sessions29 Sept₹2,206.10▼ −7.0%▼ −3.0%−4.0 pp difference
Gap at the open, % · ₹
▲ +0.8%+18.03 on 22 Sept
Day's range, % · ₹
3.0%≈ 72 high to low
Volume on the day
1.66×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · GRSE on the desk →

Thread · GRSEAll GRSE bulletins →

Related