MIC Electronics touches roof on getting LoA worth Rs 5.67 crore
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MIC Electronics is locked its upper circuit limit at Rs. 23.98, up by 1.14 points or 4.99% from its previous closing of Rs. 22.84 on the BSE.
The scrip opened at Rs. 23.70 and has touched a high and low of Rs. 23.98 and Rs. 23.50 respectively. So far 254686 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 22.84 on 15-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. 22.84 and Rs. 18.00 respectively. The current market cap of the company is Rs. 524.83 crore.
The promoters holding in the company stood at 74.63%, while Non-Institutions held 25.37% in the company.
MIC Electronics has received Letter of Acceptance (LoA) from Salem Railway Division of Southern Railway Zone for providing of Passenger Information System in connection with Amrit Bharat Scheme in Tirupattur, Samalpatti, Morappur, bommidi, Salem stations and CAMC for a period of five years of Salem Division. The aggregate value of the said Work-Order is Rs 5.67 crore. The said order is to be executed within 6 months from the date of issue of Letter of Acceptance.
Further, the company has also received Letter of Acceptance from Salem Railway Division of Southern Railway Zone for providing of Passenger Information System in connection with Amrit Bharat Scheme in Chinna Salem, Namakkal, Karur, Erode stations and CAMC for a period of five years of Salem Division. The aggregate value of the said Work-Order is Rs 5.14 crore.
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.
