MIC Electronics touches roof on getting LoA from Rajkot Division of Western Railway zone
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MIC Electronics is currently trading at its upper limit of Rs. 16.94, up by 1.54 points or 10.00% from its previous closing of Rs. 15.40 on the BSE.
The scrip opened at Rs. 16.50 and has touched a high and low of Rs. 16.94 and Rs. 16.08 respectively. So far 369618 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 18.65 on 04-May-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. 16.94 and Rs. 12.61 respectively. The current market cap of the company is Rs. 375.13 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 Rajkot Division of Western Railway zone. The aggregate value of the said Work-Order is Rs 1.74 crore. The said order is expected to be executed in 6 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.
