Marine Electricals receives Rs 16.55 crore in new orders

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Price reactionminutes from the announcement price · days from the prior close

+2.6%Reaction day

₹191.61

prior close

₹197.01

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+2.7% vs market

Industrial Products peers, median of 109sector-0.2%+2.8% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 2.8 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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AI summary

Marine Electricals received two orders totalling Rs 16.55 crore, excluding taxes. Government shipyard Goa Shipyard ordered a Data Distribution System for delivery over 24 months. Arcelormittal Nippon Steel India ordered a Power Distribution System for its RMHS project, to be delivered over 9 months.

Likely market impact

Adds to the order book and supports revenue visibility over 9 to 24 months, although margins and the effect on profits are not disclosed.