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ManufacturingHigh impactAfter close

GRSE approves ₹2,896 crore for new shipyard

after close1 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 naval and commercial segments. 📈

This investment follows a prior announcement regarding capacity expansion with three new facilities, indicating a strategic growth initiative for GRSE.

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, 16:09 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

GRSE closed −0.8% on the day of the news, from ₹2,399.70 to ₹2,380.60; Nifty +0.5% over the same session.

Bulletin at 16:09 IST on 22 Sept 2026. Every change is measured from ₹2,399.70, the last close before it, on 22 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 it208024002719axis spans 31%before the news · 22 Sept2400Nifty 50GRSEbulletinD0+1+3+516 Sept24 Sept1 OctReference close ₹2,399.70. 12 sessions from 16 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 %
Before22 Sept₹2,399.70basebase
On the day23 Sept₹2,380.60▼ −0.8%▲ +0.5%−1.3 pp difference
+1 session24 Sept₹2,344.00▼ −2.3%▼ −1.1%−1.2 pp difference
+3 sessions28 Sept₹2,245.30▼ −6.4%▼ −2.4%−4.1 pp difference
+5 sessions30 Sept₹2,181.90▼ −9.1%▼ −3.0%−6.0 pp difference
Gap at the open, % · ₹
▲ +0.3%+7.20 on 23 Sept
Day's range, % · ₹
1.6%≈ 39 high to low
Volume on the day
0.53×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 →

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