5,300 Per cent Multibagger Returns in 1 Year: Transformer Manufacturer to Set Up UK Subsidiary for European Market Expansion, Board Meeting on November 7; Stock Hits Upper Circuit Today
The company’s shares have delivered an impressive return of over 460 per cent in just 3 months.
Incorporated in 1976, Marsons Ltd specializes in manufacturing transformers with capacities up to 100 MVA at 132 kV class. MSL is an ISO-certified company, also accredited by CPRI, ERDA, and NABL. It is a diversified organization engaged in the manufacturing, supply, erection, testing, and commissioning of power and distribution transformers across various ratings, ranging from 10 KVA to 160 MVA at 220 kV class.
The company has announced plans to expand its footprint by establishing a subsidiary in the United Kingdom to enhance its presence in the European market and create a base for selling its products in the UK and Europe. To discuss and approve this proposal, the Board of Directors’ meeting will be held on Thursday, November 7.
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As per the Quarterly Results in September 2024 Marsons Ltd recorded a revenue of Rs 38.51 crore compared to Rs 1.80 crore. The operating profit reported by the company was Rs 5.81 crore while the margin stood at around 15.09 per cent. The net profit stood at Rs 7.47 crore compared to Rs 0.45 crore representing a gain of around 1560 per cent YoY.
At the start of today’s trading session, Marsons Ltd opened at Rs 310.50 per share, compared to Rs 301.85 per share on the BSE. Finally, the company’s shares closed at around Rs 316.90 per share on the BSE and hit the upper circuit of 5 per cent. The current market capitalization stands at Rs 5,453.85 crore, and the stock has generated an impressive multibagger return of over 5,300 per cent in the past year only.
Disclaimer: The article is for informational purposes only and not investment advice.