Marsons touches roof on securing orders worth Rs 40 crore
Marsons is currently trading at its upper limit of Rs. 21.73, up by 0.42 points or 1.97% from its previous closing of Rs. 21.31 on the BSE.
The scrip opened at Rs. 21.73 and has touched a high and low of Rs. 21.73 and Rs. 21.73 respectively. So far 240114 shares were traded on the counter.
The BSE group 'Z' stock of face value Rs. 1 has touched a 52 week high of Rs. 21.76 on 13-Feb-2024 and a 52 week low of Rs. 3.14 on 22-Feb-2023.
Last one week high and low of the scrip stood at Rs. 21.76 and Rs. 20.92 respectively. The current market cap of the company is Rs. 304.22 crore.
The promoters holding in the company stood at 66.72%, while Non-Institutions held 33.28% stake in the company.
Marsons has secured orders worth nearly Rs 40 crore as part of the 1st phase of the RDSS scheme in West Bengal. This has taken the total current order book to Rs 55 crore 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 RDSS scheme, the company has fully operationalised its manufacturing facility and built a formidable team driven by experienced professionals.
Marsons is an India-based company engaged in manufacturing of transformers in the capacity range of 100 Megavolt Ampere 132 kilovolt class. The Company operates in two divisions: transformer division and project division.