The inventory gave multibagger returns of 1,363 per cent in simply 2 years and over 2,000 per cent in 3 years.
MIC Electronics Ltd knowledgeable that the corporate has acquired a letter from Nagpur Railway Division of Central Railway Zone – Indian Railways for provide, set up, testing and commissioning of telecom belongings/passenger facilities at 7 stations of Nagpur Division underneath Amrit Bharath Scheme. The mixture worth of the stated work order is Rs 8,37,15,853.10 and can be accomplished in 9 months from the date of the difficulty of the LOA.
On Friday, one of many High Gainers on BSE, shares of MIC Electronics have been locked in a 5 per cent higher circuit to Rs 19.75 per share from its earlier closing of Rs 18.81. The inventory has a 52-week excessive of Rs 20.95 and a 52-week low of Rs 10.86.
MIC Electronics is a world chief within the design, growth & manufacturing of LED Video Shows, high-end digital and telecommunication gear and growth telecom software program. The shares of the corporate noticed a spurt in quantity by greater than 1.39 occasions on BSE.
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The corporate has a market cap of Rs 437.36 crore, based on the financials. The utmost stake of the corporate is owned by the promoters (74.63 per cent) and the remaining is owned by most of the people (25.37 per cent) as of March 2023. The corporate just lately launched its quarterly and annual outcomes for the 12 months ended March 31, 2023, the place it reported optimistic numbers.
In a span of simply 2 years, this inventory surged from Rs 1.35 per share to Rs 19.75 per share, delivering extraordinary multibagger returns of 1,363 per cent and over 2000 per cent in 3 years. Buyers ought to control this micro-cap inventory.
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