India, June 4 -- During Wednesday's trading session, shares of a Defence Public Sector Undertaking and one of the leading warship builders in India hit a 10 percent upper circuit on exchanges, after signing an MoU with Norway's Kongsberg to build India's first-ever Polar Research Vessel.

With a market cap of Rs. 38,470.6 crores, at 10:24 a.m., the shares of Garden Reach Shipbuilders & Engineers Limited were trading in the green at Rs. 3,358.35 on BSE, up by nearly 6.6 percent, as against its previous closing price of Rs. 3,149.9. The stock has delivered multibagger returns of around 162 percent in one year, and has gained by more than 73 percent in the last one month.

What's the News According to Press Information Bureau (PIB), Garden R...