4,800 per cent returns in this multibagger penny stock under Rs 40: This micro-cap company bags new order worth Rs 2,70,02,653.65 from Central Railway!
The stock gave multibagger returns of 140 per cent in just 1 year, 2,250 per cent in 2 years and over 4,800 per cent in 3 years.
MIC Electronics Ltd is a global leader in the design, development & manufacturing of LED Video Displays, high-end electronic and telecommunication equipment and development of telecom software, informed that the company received a new order worth Rs 2,70,02,653.65 from the Kota Division of West-Central Railway Zone for the enhancement of passenger amenities in connection with;
- Provision of high-level platform at 3 stations and improvement of platform surface at 3 stations.
- Improvement to interiors, waiting halls, etc. at 17 stations of Kota Division.
- Provision of COP at 7 stations in Kota Division.
- Replacement of IP-based integrated passenger information system at Tenali Station (TEL).
Earlier, the company received a letter of acceptance from the Vijayawada Division of South - Central Railway Zone for the replacement of the IP-based integrated passenger information system at Tenali Station (TEL). The aggregate value of the said Work-Order is Rs. 1,56,49,618.06.
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MIC Electronics has a market cap of Rs 690 crore with a 5-year stock price CAGR of 65 per cent. On Friday, shares of MIC Electronics Ltd jumped 5 per cent upper circuit to Rs 31.51 per share from its previous closing of Rs 30.01. The shares of the company saw a spurt in volume by more than 2.89 times on BSE. In the recent trading sessions, the stock has been hitting back-to-back upper circuits.
The company have announced its Quarterly Results (Q1FY24) wherein revenue from operations grew by 241.32 per cent from Rs 2.42 crore and net profit skyrocketed by 200 per cent from a net loss of Rs 1.24 crore in Q1FY23 to a net profit of Rs 1.24 crore in Q1FY24.
The stock gave multibagger returns of 140 per cent in just 1 year, 2,250 per cent in 2 years and over 4,800 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.