MIC Electronics jumps on receiving LoA from Secunderabad Division of South-Central Railway zone
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MIC Electronics is currently trading at Rs. 16.41, up by 0.30 points or 1.86% from its previous closing of Rs. 16.11 on the BSE.
The scrip opened at Rs. 16.00 and has touched a high and low of Rs. 16.74 and Rs. 15.83 respectively. So far 11875 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 20.47 on 10-May-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. 19.60 and Rs. 15.90 respectively. The current market cap of the company is Rs. 363.17 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 Division of South-Central Railway zone. The aggregate value of the said work-order is Rs 4.96 crore. The said order is expected to be completed within 12 months from the date of issue of Letter of Acceptance.
MIC Electronics is engaged in manufacturing light emitting diode (LED) lighting solutions, development, production and sale of video and animation displays and text and graphic displays.
