/ Marsons Spikes Over 9% On Securing Order ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 28 March 2017

Marsons Limited, on Tuesday, announced that it has secured a large order of 30 transformers which are worth Rs 11.84 crore. The order is from a leading EPC contractor for the DDUGJY and IPDS projects in Orissa.

Soon after the announcement, the stocks of the Company on the NSE witnessed a huge spike of 9.06%. The stock hit an intraday high of Rs 13.80 per share; and an intraday low of Rs 11.81 per share on Tuesday.

The stock has delivered over 19% returns in a period of one year, underperforming the BSE Small-cap and BSE Capital Goods indices over the same time span.

Marsons Limited is an India-based manufacturer of electrical transformers. The company is engaged in manufacturing, supplying, erecting, testing and commissioning of power and distribution transformers.

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