India's Marine Electricals hits upper circuit after $13 mln order win

Marine Electricals (India)

16/02/2024 08:42

** Shares of Marine Electricals (India)  MARN.NS  up 5% at
104 rupees, hits upper circuit and swings to YTD gains
    ** MARN received order worth 1.04 bln rupees ($12.5 mln) 
    ** Stock set to snap six-session losing steak
    ** Trading volume 1.2x the 30-day moving average
    ** Stock now up 0.3% YTD after more than tripling in value
in 2023
    
($1 = 82.9930 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))