Stock Market Today, May 22 -- Garden Reach Shipbuilders or GRSE's share price gained more than 6% during the intraday trade on Thursday despite the stock market crash. The gains in GRSE share price were led by an order win by the company.

Garden Reach Shipbuilders told exchanges today, May 22, about the company becoming the L1 bidder for the Next Generation Corvettes (NGC) project.

GRSE in an exchange filing said that it attended the commercial negotiation committee (CNC) meeting convened by the Ministry of Defence (MoD) for the opening of commercial bids for the acquisition of eight (08) NCG on May 21, 2025, in New Delhi.

During the meeting, the commercial bids were opened, and GRSE became the lowest bidder (L1) for the construction o...