500 per cent returns: This multibagger industrial product company bags new orders worth Rs 20.25 crore!

Shares of this company jumped more than 90 per cent in the last six months.

Marine Electricals (India) Limited informed in the exchange filing that the company has secured a Rs. 20.25 crore (excluding GST) order from Crescon Projects & Services Pvt. Ltd., Tamil Nadu. The order involves the supply, testing, and commissioning of low-tension (LT) panels. The panels will be delivered within 3 months, contributing to the company's ongoing growth in the electrical industry. This new project further strengthens Marine Electricals' position as a leading provider of electrical solutions in India.

Shares of Marine Electricals (India) Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit.

Recently, Marine Electricals bagged two new orders worth Rs. 23.34 crores. One involves supplying B&D spares for IBS of ASWSWC for Rs. 21.08 crores over two years, while the other is for hot works installation of various electrical equipment for PCVs Yard 126 for Rs. 2.26 crores, also within two years.

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Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. The company is engaged in manufacturing and sale of all types of marine and industrial electrical & electronic components like switch-gears, control-gears etc. The stock also delivered multibagger returns of over 180 per cent in the last one year. While in the last five years, the stock has gained about 500 per cent.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.