MIC Electronics surges on getting tender worth Rs 2.02 crore
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MIC Electronics is currently trading at Rs. 11.65, up by 0.45 points or 4.02% from its previous closing of Rs. 11.20 on the BSE.
The scrip opened at Rs. 11.55 and has touched a high and low of Rs. 11.69 and Rs. 11.30 respectively. So far 37314 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 39.75 on 12-Jan-2022 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. 11.69 and Rs. 10.86 respectively. The current market cap of the company is Rs. 257.98 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 the tender for supply, installation, testing, commissioning and comprehensive annual maintenance contract of telecom material in connection with (i) Indore - replacement of 05 lines train display board on codal basis. (ii) Provision of new CGS boards at NMH PF 02, Train display boards & GPS clocks at 33 Nos. stations under MEA. (iii) Replacement of train display board at 7 stations, at a glance display board at 4 station and replacement of Analog/GPS clocks at 67 on codal life basis from the Ratlam Division - S and T, Sr DSTE office, DRM, Ratlam, Madhya Pradesh, Western Railway on November 21, 2022. The value of the tender is Rs 2.02 crore.
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.
