Marine Electricals (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts

MARINE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.0%1-day move

₹171.70

prior close

₹163.30

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.6+0.6+0.5-3.0-0.4-5.1-11.4-0.4+3.0+21.6+37.7+39.1+58.7

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AI summary

Marine Electricals has bagged orders worth Rs. 9.00 crores (excluding taxes) from Synergy Shipbuilders N Dock Works Limited for the supply of power distribution systems. The delivery is scheduled over a period of 6-7 months. The company clarified that the order is not a related-party transaction and that promoters have no interest in it. This disclosure is made under SEBI's Listing Obligations and Disclosure Requirements as part of good corporate governance.

Likely market impact

The order adds Rs. 9 crores to the order book and provides revenue visibility over the next 6-7 months. However, this is a relatively modest order size and is unlikely to materially move the stock on its own.