FIIs bought 9,85,236 shares: Industrials products company bags new orders worth Rs 37,92,00,000 from DC Development Noida Ltd

The stock gave multibagger returns of 161.4 per cent from its 52-week low of Rs 84.20 per share

Marine Electricals (India) Limited has received an order amounting to Rs 37.92 crore (Excluding Taxes) from M/s. DC Development Noida Ltd, for Design, manufacture, supply of LV skid system. The Delivery shall be over a period of 10 Months.

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 2,925 crore. In December 2024, FIIs bought 9,85,236 shares and increased their stake to 0.96 per cent compared to 0.25 per cent in September 2024. The stock gave multibagger returns of 161.4 per cent from its 52-week low of Rs 84.20 per share. Investors should keep an eye on this Small-Cap stock.

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