Shares of Garden Reach Shipbuilders & Engineers Ltd (GRSE) have risen 32% in the last five sessions, clocking maximum gains for the defence stock in a period up to a year. The multibagger defence stock climbed 27.59% in a month and reported a rally of 9.28% in three months.

In the current session, the stock added another 4.68% a day after closing 20% higher at Rs 1641.15 on BSE. The defence stock closed at Rs 1718 on BSE today.

The stock climbed over 6% intraday in the current session after the defence sector firm said it has inked a MoU with PWD (Roads & Bridges), Nagaland for supply of 8 sets of double lane modular steel bridges in Nagaland.

Market cap of the firm stood at Rs 19,680 crore. On BSE, around 4.65 lakh shares…