Upper Circuit & 52-week high alert: Heavy buying in this multibagger penny stock under Rs 10; PAT zooms 280 per cent!

The stock is up by 50 per cent in 6 months and gave multibagger returns of over 130 per cent in 1 year.

Today, the stock market was in green with the BSE Sensex Index was up 0.20 per cent at a level of 72,000. About 1,987 shares have advanced, 1,799 declined, and 123 are unchanged on the BSE.

Along with the market in green, one of the Top Gainers on BSE, shares of Marsons Ltd hit 10 per cent upper circuit to Rs 9.55 per share from its previous closing of Rs 9.10. The stock also made a new 52-week high of Rs 9.55 per share. The shares of the company saw a spurt in volume by more than 1.50 times.  

Marsons Ltd, founded in 1976, reigns as the leading power transformer manufacturer in Eastern India, crafting distribution and power transformers (10 kVA to 160 MVA, 220 kV), furnace transformers, dry type transformers, and diverse special application ones. They handle everything from manufacturing and supplying to erecting, testing, and commissioning these transformers, with over 3 lakh powering lives worldwide.

Marsons has a market cap of Rs 133.70 per share and has a stock price CAGR of 50 per cent. According to Quarterly Results, the net sales increased by 2,472 per cent to Rs 1.80 crore and net profit increased by 280 per cent to Rs 0.45 crore in Q2FY24 compared to Q2FY23. In its annual results, the company reported net sales of Rs 4.56 crore and net profit of Rs 3.27 crore.

The shares of the company have a PE of 31.27x and an ROE of 30 per cent. The stock is up by 50 per cent in 6 months and gave multibagger returns of over 130 per cent in 1 year. Investors should keep an eye on this micro-cap stock.

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