{"id":113272,"date":"2023-11-07T10:48:58","date_gmt":"2023-11-07T05:18:58","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113272"},"modified":"2023-11-07T10:49:03","modified_gmt":"2023-11-07T05:19:03","slug":"smallcap-stock-hits-5-upper-circuit-after-it-receives-an-order-worth-15-75-cr-from-lt","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-hits-5-upper-circuit-after-it-receives-an-order-worth-15-75-cr-from-lt\/","title":{"rendered":"Smallcap stock hits 5% upper circuit after it receives an order worth \u20b9 15.75 Cr from L&#038;T"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1175501720\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The share of this microcap company hit a 5 percent upper circuit on NSE after the company received an order from L&amp;T Ltd worth Rs. 15.75 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4009805035\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 1,031 crores, the share of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MARINE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Marine Electrical (India)<\/a><\/strong> Ltd opened its trading session on a higher note at Rs. 81.30 level. The share went to hit a 5 percent upper circuit at Rs. 83.90 within a few minutes of the opening bell and it is also recorded as the company\u2019s fresh 52-week high.<\/p><p>Such a bullish sentiment was observed after the company in an exchange filing informed that the company has received an order for supply, supervision of Installation, testing, and commissioning of LV Panels from Larsen &amp; Toubro (L&amp;T), Chennai amounting to Rs. 15.75 crore. The delivery of the said goods shall be made over a period of 5 months.&nbsp;<\/p><p>Digging into the financial statement, the revenue declined by 29 percent from Rs. 143 crores in Q4 FY23 to Rs. 101 crores in Q1 FY24. On a contrasting note, the net profit increased by 15 percent from Rs. 3.58 crores to Rs. 4.14 crores during the same time frame.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3185373126\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Coming on to the important financial ratios, the return on equity was at 8.8 percent during FY22-23, and the return on capital employed was recorded at 14.49 percent during the same period.&nbsp;<\/p><p>According to the latest shareholding pattern, Promoters have a 73.21 percent stake in the company and the remaining 26.79 are with Retail Investors.&nbsp;<\/p><p>The company\u2019s stock has delivered multibagger returns of 140 percent to its stakeholders on a YTD basis. For example, if someone had invested Rs. 1 lakh since January, then, the worth of those shares would be Rs. 2.4 lakhs now.&nbsp;<\/p><p>Marine Electricals (India) Limited (Formerly known as Marine Electricals (I) Pvt. Ltd.) is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. Marine Electricals offers integrated and multidisciplinary total solutions that lead to better business processes and the efficiency of the customer.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2767383430\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The share of this microcap company hit a 5 percent upper circuit on NSE after the company received an order from L&amp;T Ltd worth Rs. 15.75 crores.&nbsp; With a market capitalization of Rs. 1,031 crores, the share of Marine Electrical (India) Ltd opened its trading session on a higher note at Rs. 81.30 level. The [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":40902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[14090,14091,14089,948,936],"class_list":["post-113272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-marine-electrical-latest-news","tag-marine-electrical-latest-order","tag-marine-electrical-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Smallcap stock hits 5% upper circuit after it receives an order worth \u20b9 15.75 Cr from L&amp;T - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The share of this microcap company jumped 3 percent on NSE after the company received an order from L&amp;T Ltd worth Rs. 15.75 crores.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/smallcap-stock-hits-5-upper-circuit-after-it-receives-an-order-worth-15-75-cr-from-lt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smallcap stock hits 5% upper circuit after it receives an order worth \u20b9 15.75 Cr from L&amp;T\" \/>\n<meta property=\"og:description\" content=\"The share of this microcap company jumped 3 percent on NSE after the company received an order from L&amp;T Ltd worth Rs. 15.75 crores.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/smallcap-stock-hits-5-upper-circuit-after-it-receives-an-order-worth-15-75-cr-from-lt\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-07T05:18:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-07T05:19:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/LT-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-hits-5-upper-circuit-after-it-receives-an-order-worth-15-75-cr-from-lt\/\",\"url\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-hits-5-upper-circuit-after-it-receives-an-order-worth-15-75-cr-from-lt\/\",\"name\":\"Smallcap stock hits 5% upper circuit after it receives an order worth \u20b9 15.75 Cr from L&T - 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