MIC Electronics touches roof on bagging LoA worth Rs 3.97 crore
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MIC Electronics is currently trading at its upper circuit limit of Rs. 20.73, up by 0.98 points or 4.96% from its previous closing of Rs. 19.75 on the BSE.
The scrip opened at Rs. 20.65 and has touched a high and low of Rs. 20.73 and Rs. 20.40 respectively. So far 207955 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 01-Jun-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. 20.73 and Rs. 18.00 respectively. The current market cap of the company is Rs. 459.06 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 Nagpur Railway Division of South East Central Railway Zone for Signaling and Telecom Works in connection with Station Development Works under Amrit Bharat Station Scheme at Nainpur (NIR), Chhindwara (CWA), Seoni (SEY) and Mandlafort (MFR) Stations in Nagpur Division of SECR.
The aggregate value of the said work-order is Rs 3.97 crore. The order is to be executed in 9 months from the date of issue of LoA.
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.
