From Rs 7.58 to Rs 16.23 per share in less than 1 month: Heavy buying witnessed in this multibagger penny stock; hit back-to-back upper circuits & 52-week highs!

The stock gave multibagger returns of 200 per cent in 6 months and a whopping 325 per cent in 1 year.

Today, the stock market was in green with the BSE Sensex Index was up 0.05 per cent at a level of 71,715. About 2,173 shares have advanced, 1,584 declined, and 99 are unchanged on the BSE.

Along with the market in green, one of the Top Gainers on BSE, shares Marsons Ltd hit 5 per cent upper circuit to Rs 16.37 per share from its previous closing of Rs 15.46. The stock also made a new 52-week high of Rs 16.23 per share.

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.

The client base of the company includes State Electricity Boards and Power Utilities in various Indian states such as Rajasthan, West Bengal, Assam, Madhya Pradesh, Andhra Pradesh, Maharashtra, Jharkhand, Chhattisgarh, Bihar, Orissa, Manipur, Meghalaya, Uttar Pradesh, Uttaranchal, Tamil Nadu, and Kerala. Additionally, the company serves overseas clients including Castle Cement UK, Yesu PLC Ethiopia, Teklec Dubai, Bowers Electricals Ltd UK, Alarabia Co Jordan, Tokai Power Products Limited Bangladesh, and Gapuma U.K.

It also collaborates with notable corporates like ABB, Alstom T & D, Schneider Electric, GE Electric, CESC, DPL, North Eastern Cable & Conductors, Techno Electric & Engineering, Siemens, Bhel, L & T, Tata Group of Companies, Reliance Group, Prakash Industries, Bharti Airtel, Bhushan Steel, KEI, KEC, Avartanah, Sterling & Wilson, NTPC, Punj Lloyd, and Bajaj Electricals.

Marsons has a market cap of Rs 227.22 per share and has a 5-year stock price CAGR of 65 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 53x and an ROE of 30 per cent. The stock gave multibagger returns of 200 per cent in 6 months and a whopping 325 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.