Marsons jumps on securing prestigious order from Government of Assam

Marsons Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 517467 | NSE:

14 Mar 2017 Evaluate

Marsons is currently trading at Rs. 11.79, up by 0.72 points or 6.50% from its previous closing of Rs. 11.07 on the BSE.

The scrip opened at Rs. 11.65 and has touched a high and low of Rs. 12.14 and Rs. 11.02 respectively. So far 4,50,000 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 19.60 on 24-Oct-2016 and a 52 week low of Rs. 9.29 on 21-Apr-2016.

Last one week high and low of the scrip stood at Rs. 12.14 and Rs. 10.86 respectively. The current market cap of the company is Rs. 29.25 crore.

The promoters holding in the company stood at 27.05%, while Non-Institutions held 72.95% respectively.

Marsons has secured another prestigious order from the Government of Assam, which is scheduled to be executed in an expedited timeframe. Further, the company has bagged significant orders from various large scale EPC contracts for IPDS and DDUGJY projects in Bihar and Orissa.

With an extremely strong and profitable order book in excess of Rs 150 crore, the company is now focussed on expedited execution and is looking to ramp up production at all of its facilities, both direct and franchise.

Marsons is one of the oldest and most reputed manufacturers of transformers in India with an infrastructure to supply transformers up to 160 MVA/220 kV class. Having supplied over 200,000 power transformers over the last six decades, Marsons is the largest transformer manufacturer in Eastern and North Eastern India.