GRSE posts annual turnover of Rs 3400 crore for FY24, up 33% YoY – Trade Information

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what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

Backyard Attain Shipbuilders & Engineers Restricted (GRSE), a warship builder in India, on Sunday introduced that it has recorded an annual turnover to the tune of Rs 3400 crore (provisional & unaudited) for FY 2023-24, up 33 per cent on-year. This, it added, has been pushed by an efficient administration of sources and improved inner efficiencies. GRSE has additionally declared an interim dividend at 79 per cent of paid-up share capital towards 55 per cent of earlier yr. 

“FY 2023-24 has been a remarkable year for the company, both in terms of physical and financial performance. Commissioning of the GRSE built ship, MV ‘Ma Lisha’ for the Cooperative Republic of Guyana, was a milestone achievement. Further, GRSE has also delivered the 1st Survey Vessel (Large), INS Sandhayak, the largest Survey Vessel of our nation, on 04 Dec 2023, and the ‘Next Generation Electric Ferry’ to the Govt. of West Bengal on 22 Mar 2024,” it stated in a regulatory submitting. 

The corporate additionally signed a MoU with the Border Roads Organisation (BRO) for the fabrication, provide, erection and launching of further 30 Double-Lane Class 70 modular metal bridges in border areas. It additionally obtained an order for indigenously creating and supplying ten 30 mm Naval Floor Gun, from the Indian Navy. It additionally launched the “GRSE Accelerated Innovation Nurturing Scheme (GAINS)” specializing in leveraging the strengths of the start-up ecosystem to foster the spirit of innovation, and AUV “Neerakshi”. 

The warship constructing firm below the executive management of the Ministry of Defence, a PCMM Stage-2 Licensed Firm, began operations in 1884 when it began its journey as a small workshop to restore vessels of River Steam Navigation Firm. Immediately, GRSE has constructed over 780 platforms together with 108 warships for the Indian Navy, Indian Coast Guard, and Authorities of Mauritius & Seychelles Coast Guard.

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