Rs 540 crore order book: Multibagger marine electrical solution provider bags new orders worth Rs 6,87,00,000 from Princeton Digital Group & Colgate-Palmolive ACI
The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 55.10 per share.
On Tuesday, shares of Marine Electricals (India) Limited plunged 5 per cent to Rs 229.10 per share from its previous closing of Rs 241.15. The stock’s 52-week high is Rs 308 and its 52-week low is Rs 55.10.
Marine Electricals (India) Limited has received orders amounting to a total of Rs 6.87 crore (approximately), the details of the same are mentioned under: -
- Order received from Princeton Digital Group for the supply of LV Panel for 5th Floor - MU1 – DC2 project. The delivery of the said goods shall be made over a period of 6 months.
- Order received from Colgate-Palmolive ACI Bangladesh Private Limited for Supply of LT & HT Panels. The delivery of the said goods shall be made over a period of 9 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.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
The company has a market cap of over Rs 3,000 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 over 300 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.
Also Read: Multibagger electrical equipment stock is in focus as company bought 1,38,800 equity shares of Swiggy Ltd worth Rs 4,99,68,000