MIC Electronics is currently trading at Rs. 16.37, up by 0.57 points or 3.61% from its previous closing of Rs. 15.80 on the BSE.
The scrip opened at Rs. 16.70 and has touched a high and low of Rs. 17.00 and Rs. 16.20 respectively. So far 204818 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 28.65 on 06-Jan-2016 and a 52 week low of Rs. 12.80 on 09-Nov-2016.
Last one week high and low of the scrip stood at Rs. 17.00 and Rs. 14.40 respectively. The current market cap of the company is Rs. 288.98 crore.
The promoters holding in the company stood at 19.91%, while institutions and non-institutions held 0.13% and 79.96% respectively.
MIC Electronics has received letter of award for supply 20,000 standalone offgrid solar LED street lights at a contract price of Rs 32.85 crore. This is an initial release against the total quantity of 80,000 expected from EESL in due course. The balance contract value expected is to the tune of Rs 98.56 crore.
The company had on October 27, 2016, informed that it had received Letter of Intent from EESL for design, manufacture, supply, erection, testing and commissioning of standalone offgrid solar LED street lights.
MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays and Lighting Products.