Heavy buying: Back-to-back upper circuit in this small-cap multibagger penny stock; bags multiple order worth Rs 5,66,67,809.45!

Shares of the company have gained about 250 per cent in the last six months.

Shares of MIC Electronics Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 250 per cent.

The company has recently bagged multiple orders worth Rs 5,66,67,809.45. The first order is from the Hyderabad Division of the South-Central Railway Zone for the enhancement of passenger amenities. The order involves telecom arrangements at ABBS Stations, in connection with the works for the provision of Lifts (11 Nos) and Escalators (7 Nos) of the Hyderabad Division, under the Amrit Bharat Station Scheme (ABSS). The order is worth Rs 2,11,63,833.61.

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The second order is also from the Hyderabad Division of South - Central Railway Zone for the enhancement of passenger amenities for essential telecom amenities at Nizamabad, Kurnool City, Malakpet, Yakatpura, Huppuguda, Sri Balabramareshwara Jogulamba Stations. The order is worth Rs 3,55,03,975.84

MIC Electronics is one of the global leaders in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment, and the development of Telecom software since 1988. MIC Electronics Limited has also delivered multibagger returns in the last one year of about 280 per cent.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.