Penny Stock Under Rs 14 Hits Upper Circuit, Soars 61% In 2-Weeks

Small cap stock priced under Rs 14, Marsons Limited today hit 5.00% upper circuit. Last trading price of Marsons Limited shares on BSE is Rs 13.37 per share with intraday surge of 4.95%.

The company has a market capitalisation of Rs 187.18 crore. Marsons Limited shares soared 67% year-to-date and surged 134.56% in last 3-months span. Check details below:

Marsons Limited Stock Performance & Return: The 52-week high price of Marsons Limited share on BSE is Rs 13.37 apiece and 52-week low price is Rs 3.05 apiece, respectively. Marsons Limited shares surged 27% in last 1-week only, gained 61% in last 2-weeks, and rose 247% in last 1-year. In last 2-years, Marsons Limited stock declined 16%, gave return of 49% in last 3-years, and offered gain of 1052% in last 5-years. Earlier, Marsons shares opened at the circuit limit of 5% at Rs 13.37. A total of 2.27 lakh shares of Marson changed hands for a total turnover of Rs 31.69 lakh.

Marsons Limited To Declare Financial Results: The company for the quarter ended September 30, 2023 declared its standalone total income at Rs 1.92 crore, up 686.45% from preceding quarter total income of Rs .24 crore. It declared its net profit after tax at Rs .45 crore in the latest quarter.

About: It manufactures distribution & power transformers ranging from 10 KVA to 160 MVA 220 kV class, furnace transformers, dry type transformers and various types of special application transformers. Its main unit, located in Kolkata, is spread over an area of 4,00,000 square feet. It came into existence in 1976.

Disclaimer: The stock highlights rally in shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.

TAGS: Marsons Limited, bse, small cap, penny stock