Rs 540 crore order book: Multibagger marine electrical & automation solutions provider bags new order worth Rs 4.17 crore from Schneider Electric India Pvt Ltd
The stock gave multibagger returns of 373 per cent from its 52-week low of Rs 55.10 per share.
On Friday, shares of Marine Electricals (India) Limited plunged 2.45 per cent to Rs 260.80 per share from its previous closing of Rs 267.35. The stock’s 52-week high is Rs 308 and its 52-week low is Rs 55.10.
Marine Electricals (India) Limited has received an order amounting to Rs 4.17 crore (Excluding Taxes) from Schneider Electric India Pvt Ltd, for the supply of LV & HT Panels (PDG project - 4th Floor). The delivery shall be over a period of 2-3 months.
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.
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The company has a market cap of over Rs 3,400 crore and its order book stands at Rs 540 crore. In Q1FY25, FIIs increased their stake to 0.15 per cent compared to 0.02 per cent in March 2024 while DIIs took a fresh entry and bought 0.11 per cent stake in the company. The stock gave multibagger returns of 373 per cent from its 52-week low of Rs 55.10 per share. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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