17-10-2023 11:00 AM | Source: Accord Fintech
MIC Electronics touches roof on receiving LoA from Hyderabad Division of South - Central Railway Zone

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MIC Electronics is locked its upper circuit limit at Rs. 40.66, up by 1.93 points or 4.98% from its previous closing of Rs. 38.73 on the BSE.

The scrip opened at Rs. 40.66 and has touched a high and low of Rs. 40.66 and Rs. 40.66 respectively. So far 95015 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 40.66 on 17-Oct-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. 40.66 and Rs. 34.00 respectively. The current market cap of the company is Rs. 900.40 crore.

The promoters holding in the company stood at 74.63%, while Non-Institutions held 25.37% stake in the company.  

MIC Electronics has received Letter of Acceptance (LoA) from Hyderabad Division of South - Central Railway Zone for enhancement of passenger amenities in connection with Provision of Telecom Arrangements at ABBS Stations, in connection with the works for provision of Lifts (11 Nos) and Escalators (7 Nos) of Hyderabad Division, under ‘Amrit Bharat Station Scheme’ (ABSS). The aggregate value of the said Work-Order is Rs 2.12 crore. 

MIC Electronics is a global leader in the design, developent & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988.