Market Mogul

  Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is a venerable entity in the shipbuilding industry, founded in 1884 and headquartered in Kolkata, India. The company is making significant strides in expanding its global presence, aligning with the Indian government’s ‘Make in India - Make for World’ initiative. GRSE specializes in constructing state-of-the-art warships for the Indian Navy and Coast Guard and is aggressively pursuing international business opportunities, including complex commercial platforms. Impressive Financial Performance In the fiscal year 2023-2024, GRSE reported robust financial growth with a revenue of  ₹ 3,592.6 crore, marking a 40% increase from the previous year. The company’s profit after tax rose by 57% to 357.3 crore, and its EBITDA stood at  ₹ 533.7 crore. This financial health is reflected in its market capitalization of  ₹ 29,419.8 crore and a substantial stock price increase of 328.4% over the past year. Technical Indicat...

Suzlon Energy, a prominent player in the renewable energy sector, has showcased notable resilience in the face of recent financial penalties. Despite a substantial penalty of 19 crores, the company’s stock remained relatively stable, closing at 54.55. This stability, amidst challenging circumstances, is unusual and raises questions about underlying market signals. Anticipation Ahead of Quarterly Results and Budget The market is abuzz with speculation that Suzlon’s upcoming quarterly results, due on Monday, along with the national budget announcement on Tuesday, might be contributing to this stability. Investors and analysts are keenly observing these developments, which are expected to have a significant impact on the company’s financial trajectory. Financial Turnaround and Positive Indicators Reflecting on Suzlon’s performance over the past year, the company has made a remarkable transition from losses to profits, particularly noted in the June/July period. Despite historical challen...