{"id":115109,"date":"2023-12-07T16:29:37","date_gmt":"2023-12-07T10:59:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115109"},"modified":"2023-12-07T16:29:41","modified_gmt":"2023-12-07T10:59:41","slug":"stock-hits-5-upper-circuit-after-it-receives-an-order-worth-20-25-cr-from-crescon-projects","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-5-upper-circuit-after-it-receives-an-order-worth-20-25-cr-from-crescon-projects\/","title":{"rendered":"Stock hits 5% upper circuit after it receives an order worth \u20b9 20.25 Cr from Crescon Projects"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1936701123\"><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 shares of marine and industrial electrical manufacturing company clocked 5 percent upper circuit on Thursday\u2019s trading session after it received an order worth Rs. 20.25 crores. The shares have given a multibagger return of 177 percent to its shareholders on a YTD basis.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3219660598\"><!-- 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 capitalisation of Rs. 1,159 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/531859\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Marine Electricals (India) Ltd<\/a><\/strong> started Thursday\u2019s trading session on a flatter note at Rs. 87.40. During the trading session, the shares hit a 5 percent upper circuit at Rs. 91.75 apiece.\u00a0<\/p><p>Such a bullish movement was observed after the company in an exchange filing mentioned that they had received an order from Crescon Projects and Services Pvt. Ltd., for the Supply, Testing and Commissioning of LT panels amounting to Rs. 20.25 crores. The orders shall be delivered in 3 months.&nbsp;<\/p><p>Coming onto the financial statements published by the company, the revenue magnified by 41 percent from Rs. 86.09 crores in the June quarter to Rs. 121.41 crores during the September quarter. In addition, the net profits increased marginally by around 4 percent from Rs. 4.76 crores to Rs. 4.95 crores during the same timeframe.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1002125126\"><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>In FY23, the order book of the company stands at Rs. 486 crores. Additionally, the company has also received orders from L&amp;T amounting to Rs. 16 crores, Goa Shipyard Limited amounting to Rs. 10 crores and a few more.&nbsp;<\/p><p>The company is the largest partner of Schneider in India. It has also partnered with other Global Electrical Players like Siemens, Orolia, Sperry Marine etc.&nbsp;<\/p><p>Headquartered in Mumbai, Marine Electricals (India) Ltd was incorporated in 1978. The company is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. They are engaged in the manufacturing and sale of all types of marine and industrial electrical and electronic components like switch gears, and control-gears.&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-492355966\"><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 shares of marine and industrial electrical manufacturing company clocked 5 percent upper circuit on Thursday\u2019s trading session after it received an order worth Rs. 20.25 crores. The shares have given a multibagger return of 177 percent to its shareholders on a YTD basis.&nbsp; With a market capitalisation of Rs. 1,159 crores, the shares of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69898,"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":[14997,14998,14996,948,936],"class_list":["post-115109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-marine-electricals-latest-news","tag-marine-electricals-latest-orders","tag-marine-electricals-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>Stock hits 5% upper circuit after it receives an order worth \u20b9 20.25 Cr from Crescon Projects - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of marine and industrial electrical manufacturing company clocked 5 percent upper circuit on Thursday\u2019s trading session after it received an order worth Rs. 20.25 crores. 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