India, Nov. 6 -- This Mid-cap Defence stock, engaged in building and repairing warships and commercial vessels for the Indian Navy, Coast Guard, and foreign clients, jumped 4 percent after the company reported September quarterly results with a 57.30 percent YoY increase in net profit and announced a dividend of Rs. 5.75 per equity share.

With a market capitalization of Rs. 29,602.53 crores, the share of Garden Reach Shipbuilders & Engineers Limited has reached an intraday high of Rs. 2,650 per equity share, rising nearly 3.66 percent from its previous day's close price of Rs. 2,556.35. Since then, the stock has retreated and is currently trading at Rs. 2,584.20 per equity share.

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