Multibagger penny stock under Rs 20: This micro-cap company bags a new order from East-Central Railway!
The shares of the company has gained more than 25 per cent in the last six months.
On June 09, 2023, MIC Electronics Limited informed in the exchange filing that the company has received Letter of Acceptance from Sonpur Railway Division of East-Central Railway Zone for providing Soft Upgradation/ improvement of Telecom Infrastructure at 03 Amrit Stations – Khagaria, Sahebpur Kmal Junction and Lakhminia Railway Stations. The value of the said tender is Rs 1,02,31,581.59.
MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and the development of Telecom software since 1988.
MIC's flagship products are LED Video Displays, which have become an integral part of sports stadiums, transportation hubs, digital theatres and theme parks, advertisements, and public information displays.
Some of the major clients of the company are L&T Ltd, Indian Railways, RBI, HP, MTNL, SBI, P&G, LIC, Reliance industries ltd, Tata Teleservices, P&G, Hyderabad Racecourse, Coal India ltd, Gujarat Science City, Vizag steel, IDBI bank, Bharat electronics, Air India Ltd, Andhra Pradesh Technology Services, and BSNL.
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On Friday, the stock opened at Rs 18.20, with a high and low of Rs 19.34 and Rs 18.00. The stock closed trading at Rs 18.81, up by 0.21 per cent over its previous close of Rs 18.77.
The stock has a 52-week high of Rs 20.95 and a 52-week low of Rs 10.86. The company has a market capitalization of Rs 416.54 crore. The stock has given multibagger returns of over 160 per cent in the last three years.