Penny Stock Hits Upper Circuit On Order Win, Shares Rally 204% In 1-Yr

Small cap company operating in the electrical equipment industry, Marsons Limited shares zoomed to hit 2% upper circuit on BSE after it informed via BSE filing about new order win. Last trading price of Marsons Limited shares on BSE is Rs 21.73 apiece.

Marsons shares offered shareholders return of 170% year-to-date and 556% in last 1-year. The company has a market capitalisation of Rs 304.22 crore. Check details below:

Marsons Limited Bags Order, Shares Touch Upper Circuit: The company informed via its BSE filing dated Feb 15, 2024, "Marsons Ltd. is pleased to report that the company has secured orders worth nearly 40 Crores as part of the 1st phase of the ROSS scheme in West Bengal. This has taken the total current order book to 55 Crores with an execution timeline upto June 2024."

The company had shifted focus for the last 6-9 months towards securing necessary fresh approvals/accreditations and setting up the base for rapid expansion of the Marsons brand in the next financial year. In anticipation of the tremendous demand especially driven by the nationwide ROSS scheme. The company has fully operationalised its manufacturing facility and built a formidable team driven by experienced professionals, added the BSE filing.

Marsons Limited Stock Performance & Return: The 52-week high price of Marsons Limited share on BSE is Rs 13.37 apiece and 52-week low price is Rs 3.05 apiece, respectively. Marsons Limited shares surged 27% in last 1-week only, gained 61% in last 2-weeks, and rose 247% in last 1-year. In last 2-years, Marsons Limited stock declined 16%, gave return of 49% in last 3-years, and offered gain of 1052% in last 5-years. Earlier, Marsons shares opened at the circuit limit of 5% at Rs 13.37. A total of 2.27 lakh shares of Marson changed hands for a total turnover of Rs 31.69 lakh.

Marsons Limited To Declare Financial Results: The company declared its December 2023 quarter net profit at Rs 0.15 crore, down 74.31% as compared to Rs 0.59 crore in similar quarter of last year. The company's net sales announced at Rs 0.65 crore, down 64.69% as against Rs 1.83 crore in December 2022. EBITDA stood at Rs. 0.33 crore for December 2023 quarter, down 59.76% from Rs 0.82 crore declared in preceding fiscal. Marsons EPS came down to Rs. 0.01 in December 2023 from Rs. 0.05 in December 2022 quarter.

About: It manufactures distribution & power transformers ranging from 10 KVA to 160 MVA 220 kV class, furnace transformers, dry type transformers and various types of special application transformers. Its main unit, located in Kolkata, is spread over an area of 4,00,000 square feet. It came into existence in 1976.

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