India's Marine Electricals hits record high on order win

Marine Electricals (India)

06/02/2024 04:59

** Shares of Marine Electricals  MARN.NS  rise as much as
3.9% to a record high of 122.7 rupees
    ** Integrated technology services provider said on Monday it
received order worth 228.2 mln rupees (~$3 mln)
    ** Stock on track for sixth straight session of gains, if
trend holds
    ** MARN trading above its 200-day simple moving avg since
April
    ** Stock gained over 75% in Dec-qtr, its best quarterly gain
since Sept. 2020



($1 = 83.0320 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))