The stock gave multibagger returns of over 400 per cent from its 52-week low of Rs 24.63 per share and a whopping 1,000 per cent in 3 years.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 113.03 points or 0.16 per cent.

The company has demonstrated impressive financial performance, achieving a remarkable 300 per cent compound annual growth rate (CAGR) in profit over the past five years.

Today, shares of Marine Electricals (India) Limited were locked in 5 per cent to Rs 109.20 per share from its previous closing of Rs 104.

The stock gave multibagger returns of 620 per cent in just 1 year and a whopping 2,000 per cent in 3 years.

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 203 per share.

List of the stocks that ended close to their 52-week low on Monday

List of stocks that ended close to their 52-week high on Monday

An ace investor, Ajay Upadhyaya bought 25,00,000 shares or a 1.37 per cent stake in the company in December 2023 and LIC owned a 2.29 per cent stake in the company in the same period.

This strategic partnership isn't merely confined to operational synergies; it's underpinned by a substantial financial commitment, with BW LPG injecting USD 30 million into Confidence Petroleum through preferential equity allotment, bolstering the latter's capacity to expand its LPG downstream assets.