Bengaluru, June 9 -- The shares of PSU Defense company, specializing in the construction of warships and vessels for the Indian Navy and Coast Guard, jumped upto 5 percent upon signing two MoUs, one with Berg Propulsion and another with SunStone.

With a market capitalization of 37,087.93 Crores on Monday, the shares of Garden Reach Shipbuilders & Engineers Ltd jumped upto 5.2 percent, making a high of Rs. 3417.15 compared to its previous closing price of Rs. 3246.9.

Garden Reach Shipbuilders & Engineers Ltd, engaged in the construction of warships and vessels for the Indian Navy and Coast Guard, has signed two MoUs with International customers.

The MoU was signed during an official visit to Sweden and Denmark. The first MoU is with Ber...