Marine Electricals gains on 1.75 billion-rupee order wins

Marine Electricals (India)

13/11/2025 08:11

** Marine Electricals (India) MARN.NS gains 5.8% to 252 rupees; set to rise for third straight session

** Electrical equipment maker gets three orders worth 1.75 bln rupees ($19.9 mln)

** Orders from Siemens SIEM.NS, Equinix India for power distribution system, and from Hindustan Shipyard for electrical works

** Stock has been above its 50-day, 100-day, 200-day simple moving averages since September, indicating bullish sentiment

** More than 1.3 mln shares traded, 2x the 30-day moving avg

** YTD, MARN down ~2.5%

($1 = 87.8950 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))