Shares of MIC Electronic Surged 5% After Receiving Installation Certificate From Western Railway Zone

On Wednesday, during the bullish trading session of the stock market, the shares of MIC Electronics were witnessing a good rise and touched the level of Rs 73. The 52-week high of the shares of MIC Electronics Limited, which has a market cap of about Rs 1590 crore, is Rs 74.44 while the 52-week low is Rs 22.80. The shares of MIC Electronics have given investors a return of 18 percent in the last 5 days, while in the last 1 month it has given a bumper return of 40 percent. The shares of MIC Electronics have increased the investors' capital by 113 percent in the last 6 months.

MIC Electronics Limited, which has given a bumper return of 210 percent to the stock market investors from the level of Rs 23.25 in the last 1 year, has recently received many orders from the railways. The stock of MIC Electronics has given a return of 301 percent to the investors from the level of Rs 17.95 on 24 December 2021.
Last week, MIC Electronics shares were continuously hitting upper circuits. After this, MIC Electronics shares once again tried to consolidate at the level of Rs 64. In the last 11 days, MIC Electronics shares have given a return of 42 percent. MIC Electronics is a company that deals in railway signboards etc. and is getting orders in large numbers.
Recently, MIC Electronics launched a QIP issue. MIC Electronics had tried to raise funds through the QIP issue. MIC Electronics ' QIP was bought at Rs 48.30 per share. For the past few days, a lot of interest has been seen from investors in MIC Electronics.

Earlier, MIC Electronics received a new order of Rs 3.04 crore from the Ferozepur Division of Northern Railway. This order involves the supply of coach display boards for major stations of the Ferozepur Division. MIC Electronics also received an order for the Rajkot section of the Western Railway Division. MIC Electronics Ltd. manufactures LED display products. The company develops, produces and sells video and animation displays and text and graphic displays. MIC Electronics also provides a wide range of indoor and outdoor video display walls on rent or lease.

MIC Electronics Ltd., founded in 1988, is a leading manufacturer of LED displays (indoor, outdoor, mobile), lighting solutions (indoor, outdoor, solar), telecom equipment, and software. They also produce medical equipment like oxygen concentrators and batteries. Headquartered in India, MIC exports its products globally and has a presence in the USA, Australia, the UK, and other countries.