News > This defence stock rose 200% in three months; here are fresh price targets

This defence stock rose 200% in three months; here are fresh price targets

Garden Reach Shipbuilders' stock gained after the defence firm inked a Rs 170 crore contract with the Ministry of Defence, Bangladesh on July 1. Manoj Dalmia, CEO, Proficient Equities said, “With this move, the company's market capitalisation has surpassed Rs 25,000 crore. Since the beginning of 2024, its market capitalization has increased by more than 2.5 times, starting from Rs 10,000 crore. The price target is around Rs 4000 in near future.”