MIC Electronics surges on securing LoA worth Rs 1.28 crore
MIC Electronics is currently trading at Rs. 52.33, up by 1.75 points or 3.46% from its previous closing of Rs. 50.58 on the BSE.
The scrip opened at Rs. 50.59 and has touched a high and low of Rs. 53.35 and Rs. 50.59 respectively. So far 65994 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. 49.50 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 53.35 and Rs. 50.10 respectively. The current market cap of the company is Rs. 1260.73 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 Palakkad Division S and T, Railway Divisional Office, Signal and Telecommunication Branch, Palakkad, for Supply, installation, testing and commissioning of IPIS system at Kannur station in connection with the work ‘Improvements to Passenger Amenities including improvements to platform, development of Circulating area and Parking & Provision of IRS type Platform shelters of KANNUR Station under Amrit Bharath Station Scheme’ with CAMC for 6 years. The aggregate value of the said work order is Rs 1.28 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.
