MIC Electronics gains on getting LoA from Secunderabad Railway Division
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MIC Electronics is currently trading at Rs. 20.20, up by 0.24 points or 1.20% from its previous closing of Rs. 19.96 on the BSE.
The scrip opened at Rs. 20.95 and has touched a high and low of Rs. 20.95 and Rs. 19.60 respectively. So far 237532 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 20.95 on 1-June-2023 and a 52 week low of Rs. 10.86 on 18-Nov-2022.
Last one week high and low of the scrip stood at Rs. 20.95 and Rs. 16.80 respectively. The current market cap of the company is Rs. 442.01 crore.
The promoters holding in the company stood at 74.63%, while Non-Institutions held 25.37% stake in the company.
MIC Electronics has received Letter of Acceptance (LoA) from Secunderabad Railway Division of South-Central Railway Zone on May 31, 2023. The aggregate value of the said work-order is Rs 3.95 crore. Nature of order is direct order, participated through Tenders. The said order is to be executed in 12 months from the date of issue of Letter of Acceptance.
MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988.
