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Marsons trades higher on securing LoI worth Rs 52.35 crore

20 May 2025 Evaluate

Marsons is currently trading at Rs. 200.00, up by 2.10 points or 1.06% from its previous closing of Rs. 197.90 on the BSE.

The scrip opened at Rs. 196.05 and has touched a high and low of Rs. 207.30 and Rs. 195.00 respectively. So far 203968 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 356.00 on 11-Oct-2024 and a 52 week low of Rs. 37.54 on 23-Jul-2024.

Last one week high and low of the scrip stood at Rs. 207.30 and Rs. 179.50 respectively. The current market cap of the company is Rs. 3490.19 crore.

The promoters holding in the company stood at 53.65%, while Non-Institutions held 46.35% in the company.  

Marsons has received a Letter of Intent (LoI) worth Rs 52.35 crore (incl. GST) from Madhyanchal Vidyut Vitran Nigam, (Uttar Pradesh Government Undertaking) for supply of 56 nos of 33/11 KV, 10 MV A Power Transformer. The order is to be executed within 6-8 months.

Marsons is an India-based company engaged in manufacturing of transformers. The Company operates in two divisions: transformer division and project division.

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