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09-09-2024 12:19 PM | Source: Accord Fintech
MIC Electronics gains on getting LoA worth Rs 86.44 lakh

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MIC Electronics is currently trading at Rs. 81.90, up by 1.19 points or 1.47% from its previous closing of Rs. 80.71 on the BSE.

The scrip opened at Rs. 82.00 and has touched a high and low of Rs. 82.30 and Rs. 78.80 respectively. So far 72250 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 100.02 on 04-Jul-2024 and a 52 week low of Rs. 23.00 on 27-Sep-2023.

Last one week high and low of the scrip stood at Rs. 86.00 and Rs. 78.00 respectively. The current market cap of the company is Rs. 1974.85 crore.

The promoters holding in the company stood at 67.51%, while Institutions and Non-Institutions held 8.38% and 24.11% respectively.

MIC Electronics has received a Letter of Acceptance (LoA) from the Ratlam Division of the Western Railway Zone for Supply, installation, testing and commissioning of Telecom material in connection with Providing 12 m wide foot over bridge to connect PF under Amirit Bharat Station Scheme (ABSS) at 14 stations. The aggregate value of the said work order is Rs 86.44 lakh. The order is to be executed within 10 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.