GRSE shares rise 4%, up 8% in 2 sessions. What’s fuelling the rally?

Garden Reach Shipbuilders and Engineers Ltd (GRSE) saw its stock surge by 4% to an intraday high of Rs 2,786 on November 11. This rise followed the defence shipbuilder’s strong financial performance for Q2FY26 and H1FY26, with profit after tax jumping 57% year-on-year to Rs 154 crore in the quarter.