“Penny Stock Marsons Skyrockets, Giving Multifold Returns to Investors in 2024”
Marsons, a penny stock trading for less than ₹10 per share, has been on a remarkable journey this year, giving investors multifold returns. The stock has surged around 602 percent year-to-date, reaching its 52-week high of ₹54.38. In the last year, it has soared over 831 percent, showcasing its strong performance.
This recent surge has led to the stock skyrocketing 998.5 percent from its 52-week low of ₹4.95, highlighting its impressive growth trajectory. Marsons has consistently delivered positive returns in all 5 months of 2024, with gains of over 8 percent in May and significant jumps in the previous months.
In the long term, Marsons has performed exceptionally well, rising over 447 percent in the last 3 years and over 543 percent in the last 5 years. However, it is important to note that the stock is currently trading under ESM: Stage 2, indicating enhanced surveillance measures by the National Stock Exchange (NSE) in India.
Marsons Limited, the company behind the stock, is engaged in manufacturing, supplying, and commissioning power and distribution transformers in India. Despite a decline in net profit and sales in the December quarter, the stock has continued to attract investors’ attention.
According to ICICI Direct’s analysis, Marsons exhibits several positive factors contributing to its strong momentum in the market, including strong annual earnings per share growth and trading above its moving averages. However, the stock also faces challenges such as high debt and degrowth in quarterly revenue and profit.
Penny stocks like Marsons offer the potential for significant gains but come with high volatility and risks. Investors are advised to conduct thorough research and consult with an investment advisor before making any investment decisions in such speculative investments.
