Market plummets but this transformer penny stock below Rs 60 is locked in the upper circuit on August 05
The stock gave multibagger returns of 800 per cent in just 1 year and a whopping 2,950 per cent in 5 years.
Today, the stock market was in red with the BSE Sensex Index down by 1.90 per cent at a level of 79,480. About 702 shares have advanced, 3,081 declined and 137 are unchanged on the BSE.
Though the market was in red, one of the Top Gainers on BSE, shares Marsons Ltd is locked in 5 per cent upper circuit to Rs 59.35 per share from its previous closing of Rs 56.53. The stock’s 52-week high is Rs 78.51 per share while its 52-week low is Rs 5.32 per share. The company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by the market forces.
Marsons Ltd., a pioneer in India's power transformer industry since 1976, specializes in manufacturing, supplying, erecting, testing, and commissioning a comprehensive range of distribution and power transformers (10 kVA to 160 MVA, 220 kV), including furnace, dry type, and custom-built variants. With a global footprint of over 3 lakh transformers powering diverse applications, the company caters to a vast clientele encompassing state electricity boards, power utilities across India, and international markets including the UK, Ethiopia, Dubai, Jordan, Bangladesh, and others. Marsons has forged strong partnerships with leading industry giants such as ABB, Alstom, Schneider Electric and GE Power as well as domestic powerhouses like Tata, Reliance and BHEL, solidifying its position as a dominant force in the sector.
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Marsons Ltd has a market cap of over Rs 1,000 crore and has a 5-year stock price CAGR of 100 per cent. The stock gave multibagger returns of 800 per cent in just 1 year and a whopping 2,950 per cent in 5 years. 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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