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Transformer manufacturing company got 2 big orders, investors broke on shares; Know how much the price rose?

Transformer manufacturing company got 2 big orders, investors broke on shares; Know how much the price rose?
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During trading on Friday, shares of Marsons Limited reached an intraday high of Rs 157.50, which is about 2 percent more than the previous day’s closing price of Rs 154.55. The shares are trading at PE of 82, while its industry’s PE is 31 and it has given returns of 3,300% in the last 5 years.

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Order worth Rs 10 crore received

Marsons Limited has received an order worth Rs 9.91 crore from LC Infra Projects Pvt Ltd to supply two large power transformers, one 70 MVA and one 80 MVA. Both will be designed for 132 kV EHV applications. This order is proof that Marsons has the ability to showcase its capabilities in the high-voltage transformer category as well. Marsans plays an important role in India’s power transmission and distribution sector. With this order, Marsons gets an opportunity to strengthen its presence in large infrastructure projects across the country.

What is EHV transformer?

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Tags: bigbrokecompanyInvestorsmanufacturingMarsons LtdMarsons Ltd shareordersPricerosesharesTransformerTransformer Stock
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