April 30, 2019 / 7:16 AM / 22 days ago

BUZZ-India's Garden Reach Shipbuilders hits record high on contract win

** Shares in Garden Reach Shipbuilders & Engineers Ltd surge as much as 15.9 pct to a record high of 112.35 rupees

** Shipbuilding co entered contract with India govt on Tuesday for construction and delivery of eight ASW Swallow Water Craft for 63.11 bln rupees ($903.90 mln)

** Shares post biggest intraday pct gain since March 1

** More than 200,590 shares traded, over seven times the 30-day avg of 27,322 ($1 = 69.8200 Indian rupees)

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