The stock hit a record high of Rs 636.75 today. The stock hit a 52-week low of Rs 223.25 on 15 July 2022.

The stock had outperformed the market over the past one month, advancing 21.22% as against Nifty's 5.01% rise.

The scrip had outperformed the market in past three months, soaring 32% as against Nifty's 10% increase.

The counter had also outperformed the market in past one year, jumping 159% as against Nifty's 20.21% surge.

On the technical front, the stock's daily RSI (relative strength index) stood at 71.71. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 527.45, 482.67 and 474.68, respectively. These levels will act as crucial support zones in near term.

Garden Reach Shipbuilders & Engineers is a premier shipyard of India, under the administrative control of the Ministry of Defence, Government of India. It builds warships for the Indian Navy & Indian Coast Guard. As on 31 March 2023, the Government of India held 74.50% stake in the company.

The company recorded 17.16% rise in net profit to Rs 55.30 crore on 10.68% increase in revenue from operations to Rs 601.17 in Q4 FY23 over Q4 FY22.