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MIC Electronics touches the roof on bagging LoA worth Rs 2.54 crore

27 Aug 2024 Evaluate

MIC Electronics is currently trading at its upper limit of Rs. 81.58, up by 3.88 points or 4.99% from its previous closing of Rs. 77.70 on the BSE.

The scrip opened at Rs. 79.15 and has touched a high and low of Rs. 81.58 and Rs. 78.75 respectively. So far 140084 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 100.02 on 04-Jul-2024 and a 52 week low of Rs. 23.00 on 27-Sep-2023.

Last one week high and low of the scrip stood at Rs. 81.58 and Rs. 75.00 respectively. The current market cap of the company is Rs. 1964.24 crore.

The promoters holding in the company stood at 67.51%, while Institutions and Non-Institutions held 8.38% and 24.11% respectively.

MIC Electronics has received a Letter of Acceptance (LoA) from the Lucknow Division of the Northern Railway Zone for the provision of Integrated Passenger Information System at PRG, PYGS, and PFM Stations in c/w Mahakumbh-2025. The aggregate value of the said work order is Rs 2.54 crore. The order is to be executed within 9 months from the date of issue of LoA.

MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software.


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