Railway penny stock under Rs 65 Secures Rs 56.95 Lakh LED Display Order from Tirumala Temple Trust
The stock has delivered a 1-year return of 41.57 per cent and an impressive 3-year return of 326.21 per cent.
MIC Electronics Limited, a Hyderabad-based technology firm, has secured a significant domestic tender from the Tirumala Tirupati Devasthanam (TTD) for the installation of LED display boards. The company announced the receipt of a Letter of Acceptance for this Rs 56.95 lakh contract, which involves deploying LED display boards to provide consolidated information to pilgrims visiting Tirumala. The execution period for the project is two months from the issuance of the order.
This contract further solidifies MIC Electronics' footprint in the LED display market. Notably, the company clarified that the order does not involve any related party transactions and that none of the promoter group companies have any interest in the awarding entity. This development reflects MIC Electronics' broader efforts to expand its domestic presence and leverage its capabilities in LED technology.
The announcement had a positive impact on the company’s stock, which is currently trading at Rs 67.98 as of June 06, 2025. The stock has delivered a 1-year return of 41.57 per cent and an impressive 3-year return of 326.21 per cent, making it a multibagger in the Small-Cap segment. It has a 52-week high of Rs 109.28 and a low of Rs 48.02. The current price-to-earnings (PE) ratio stands at 84.69.
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MIC Electronics is primarily focused on designing and manufacturing LED video displays and high-end electronic and telecommunication equipment. The company has transitioned rapidly in recent years, with LED products contributing 90 per cent of its revenue in FY24, up from just 3 per cent in FY22. The firm also has interests in the E-Vehicle battery space and has recently divested its stake in Bikewo Green Tech Private Limited.
The company has received RDSO approval for supplying Passenger Information System displays to Indian Railways, a development that has significantly boosted its revenue. With a growing focus on R&D and smart city initiatives, MIC Electronics is also exploring IoT-enabled display solutions to enhance its offerings. Its presence across key Indian cities through marketing and service networks further strengthens its domestic operations, with plans underway for international expansion.
Disclaimer: The article is for informational purposes only and not investment advice.