Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. The Co. is engaged in manufacturing and sale of all types of marine and industrial electrical & electronic components like switch-gears, control-gears etc. It is also engaged in the renewable energy sector, specifically solar. It also provides services like designing, fabricating etc. for all types of electrical & electronic installations in India and abroad and undertake annual maintenance contracts.
With the Indian economy growing at over 7% and govt increased focus on the defence sector and indigenous technologies, Marine Electricals is poised to see dramatic growth which caters to marine electricals segment be it be Indian navy or commercial ships.
Currently, the charts look good. It's working between a parallel channel. I expect this consolidation will continue for some time when finally the break out would happen and it has the potential to fly to moon.
With the Indian economy growing at over 7% and govt increased focus on the defence sector and indigenous technologies, Marine Electricals is poised to see dramatic growth which caters to marine electricals segment be it be Indian navy or commercial ships.
Currently, the charts look good. It's working between a parallel channel. I expect this consolidation will continue for some time when finally the break out would happen and it has the potential to fly to moon.