Power Distribution Company Stock Hits All-Time High; FII, DII Stake Also Rises
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Marine Electricals (India) Limited is in focus after securing Rs 229.73 crore orders from Digital Edge DC, with the stock hitting a fresh all-time high of Rs 435.00.
✨ Key Takeaways
Marine Electricals (India) Limited has secured orders worth Rs 229.73 crore, excluding Taxes, from Digital Edge DC (India) Private Limited. The orders are for the supply of power distribution systems, with the delivery scheduled to be completed over a period of 15 months.
Following the order win, the stock of Marine Electricals (India) Limited witnessed strong buying interest on September 1, 2026, and hit its all-time high.
Stock Hits All-Time High
Marine Electricals (India) Limited opened with a gap-up at Rs 403.00, compared with its previous closing price of Rs 400.85.
Buying interest strengthened during the trading session, pushing the stock to an Intraday high of Rs 435.00. At this level, the stock touched its all-time high.
The sharp move came after the Company announced the Rs 229.73 crore order from Digital Edge DC (India) Private Limited, highlighting continued order activity for its power distribution solutions.
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FII and DII Stake Rises
The Company also witnessed an increase in institutional holding during the June 2026 quarter compared with March 31, 2026.
Foreign Institutional Investors (FIIs) increased their stake in Marine Electricals (India) Limited from 0.59 per cent as of March 31, 2026, to 1.12 per cent in June 2026.
Domestic Institutional Investors (DIIs) also raised their holding during the period. Their stake increased from 0.34 per cent as of March 31, 2026, to 0.41 per cent in June 2026.
The increase in institutional ownership indicates higher participation from both foreign and domestic institutional investors during the quarter.
About Marine Electricals (India) Limited
Marine Electricals (India) Limited is an integrated technical services provider operating across electrical, automation and information and communication technology solutions.
The Company provides electrical and electronic solutions and manufactures low-voltage (LV) and medium-voltage (MV) switchgear products. Its operations also cover electrical systems and related technical solutions for industrial and infrastructure applications.
Disclaimer: The article is for informational purposes only and not investment advice.