News

Apr 22, 2023

1000 per cent returns in this multibagger stock: Micro

Mr. Gaurav Sarup, Managing Director of Marshall Machines Limited: I am proud to

Mr. Gaurav Sarup, Managing Director of Marshall Machines Limited: I am proud to announce that Marshall Machines Limited has emerged stronger from this adversity, ready to pioneer excellence in smart manufacturing. We are fully committed to overcoming these obstacles and ensuring a solid financial foundation for the future. Our path to success lies in embracing innovation and smart manufacturing. We are focused on product improvement, investing in cutting-edge technology, enhancing systems, capturing new markets, and forming key alliances.

Moreover, I am thrilled to share that we have a robust order book of Rs 31 crore and a promising pipeline of potential orders worth Rs 120 crore. This demonstrates the trust and confidence our customers have in our products and services. We are grateful for the unwavering support of both our customers and suppliers, whose partnerships have remained intact during these challenging times.

In conclusion, the crisis we faced has only made us stronger. We will forge ahead, pioneering smart manufacturing excellence and creating sustainable value for our shareholders. Together, we will overcome any obstacle and redefine what is possible.

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On Tuesday, shares of Marshall Machines Ltd zoomed 5 per cent upper circuit to Rs 68.10 per share from its previous closing of Rs 64.90. The stock has a 52-week high of Rs 72 and a 52-week low of Rs 23.15. The company has a market cap of Rs 95 crore with a 3-year CAGR of 108 per cent.

Marshall Machines Ltd is in the business of designing, manufacturing, and deploying solution offerings, providing after-sales services for machine tool equipment.

The stock gave multibagger returns of 145 per cent in just 6 months and over 1000 per cent in the span of 3 years. Investors should keep an eye on this micro-cap stock.