Multibagger defence & marine company bags new orders worth Rs 11,27,00,000 from Listenlights Pvt Ltd; Nxtra Data Ltd & Core Greentech LLP
The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 65.05 per share.
On Thursday, shares of Marine Electricals (India) Limited plunged 2.15 per cent to Rs 200.65 per share from its previous closing of Rs 205.05. The stock’s 52-week high is Rs 308 and its 52-week low is Rs 65.05.
Marine Electricals (India) Limited has received orders amounting to a total of Rs 11.27 crore (excluding GST), the details of the same are mentioned as under: -
- Order received from Listenlights Private Limited for Supply, Installation, Testing & commissioning of LV and MV Panel for PDG Project. The delivery of the said goods shall be made over a period of 6-8 months.
- Order received from Nxtra Data Limited for supply, installation, testing & commissioning of LV panels for Pune projects. The delivery of the said goods shall be made over a period of 6-8 months.
- Order received from Core Greentech LLP for supply, installation, testing & commissioning of LV panels for the Parivartan project. The delivery of the said goods shall be made over a period of 6-8 months
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About the Company
Marine Electricals (India) Limited is a leading provider of electrical automation and information technology solutions for the marine and industrial sectors. With over 40 years of experience, the company offers a comprehensive range of products and services, including switchgear, control gears, integrated platform management systems, power generation and distribution, marine lights, motors, NavCom solutions and low and medium-voltage power distribution solutions for various industries. Marine Electricals is committed to providing high-quality, reliable and innovative solutions while supporting the 'Make in India' initiative.
The company has a market cap of Rs 2,768 crore and its order book stands at Rs 540 crore. In Q2FY25, FIIs increased their stake to 0.25 per cent compared to 0.15 per cent in June 2024. The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 65.05 per share. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.