95.75% Up In 3 Months: This Small Cap Stock Bags New Orders From Northern Railway

MIC Electronics Ltd. In a exchange filing on Jun 30, 2023, informed that the company has received a Letter of Acceptance (LOA) from the Delhi Division of Northern Railway Zone for providing passenger amenities (Telecom) and the expansion of an information system to facilitate Divyangjan and utility shifting in connection with Amrit Bharat Station scheme at multiple stations. The size of the order is worth Rs 4,39,13,106.80.

New Orders Worth Rs 4,39,13,106.80

According to the regulatory filing by MIC Electronics Ltd., "In pursuance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, MIC Electronics Limited ("the Company") wishes to inform you that the Company has received Letter of Acceptance from Delhi Division of Northern Railway Zone for providing of Passenger amenities (Telecom) and expansion of information system to facilitate Divyangjan and utility shifting in connection with Amrit Bharat Station scheme at TKJ, GHNA, MDNR, SZM, PWL, BVH, FDN, BGZ, ROK, PTRD, SMQL, NUR, SNP, JHI, NRW, MSZ Stations of Delhi Division. The aggregate value of the said Work-Order is Rs. 4,39,13,106.80/- (Rupees Four Crore Thirty-Nine Lakhs Thirteen Thousand One Hundred and Six Rupees - Eighty Paisa Only). Additional details of Work-Order are enclosed."

Stock Movement

On Friday, the current market price of MIC Electronics is Rs 23.51 per share on BSE. It is trading near its 52 week high of Rs 23.98. The stock's 52-week low is Rs 10.86.

The share has given 1.96% negative return in the past 1 week. Shares gave 23.67% positive return in 1 month and 95.75% in 3 months, respectively. In the past 6 months, the shares gave 71.98% positive return.

In the past 1 year, the shares have given 60.48% positive return. In the past 2 years, the shares gave 1681.06% multibagger return and 2204.90% in the past 3 years, respectively. It gave 733.69% positive return in the past 5 years.

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