MIC Electronics touches roof on developing EV battery charger for e-cycles, two-wheelers
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MIC Electronics is currently trading at upper limit of Rs. 46.79, up by 4.25 points or 9.99% from its previous closing of Rs. 42.54 on the BSE.
The scrip opened at Rs. 46.50 and has touched a high and low of Rs. 46.79 and Rs. 46.15 respectively. So far 70867 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 48.00 on 23-Oct-2023 and a 52 week low of Rs. 11.37 on 23-Feb-2023.
Last one week high and low of the scrip stood at Rs. 46.79 and Rs. 36.05 respectively. The current market cap of the company is Rs. 1036.15 crore.
The promoters holding in the company stood at 74.63% while Non-Institutions held 25.37% stake in the company.
MIC Electronics has developed 42V/3A electric vehicle (EV) battery charger for e-cycles and two-wheelers, which play a crucial role in ensuring the efficient and convenient charging of the batteries that power EV vehicles. The EV battery chargers will be launched shortly, and commercial operations will begin in the month of March 2024.
Further, the company is also developing high power rating Electric vehicle (EV) Battery Chargers (Models: 72V/6A & 72V/10A) for e-cycles and two-wheelers.
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.
