MIC Electronics rises on receiving LoA worth Rs 56.95 lakh from TTD, Tirupati
MIC Electronics is currently trading at Rs. 68.25, up by 0.27 points or 0.40% from its previous closing of Rs. 67.98 on the BSE.
The scrip opened at Rs. 70.80 and has touched a high and low of Rs. 70.97 and Rs. 66.00 respectively. So far 217468 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 114.74 on 19-Sep-2024 and a 52 week low of Rs. 48.10 on 07-Jun-2024.
Last one week high and low of the scrip stood at Rs. 70.97 and Rs. 55.79 respectively. The current market cap of the company is Rs. 1647.80 crore.
The promoters holding in the company stood at 66.48%, while Institutions and Non-Institutions held 3.80% and 29.72% respectively.
MIC Electronics has received a Letter of Acceptance (LoA) from the Tirumala Tirupati Devasthanam (TTD), Tirupati for providing LED display boards to display consolidated information to the pilgrims at Tirumala. The aggregate value of the said work order is Rs 56.95 lakh. The said order is to be executed within 2 months from the date of issue of Letter of Acceptance.
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.
