Multibagger penny stock under Rs 20: This micro-cap company bags a new order from East-Central Railway!

Multibagger penny stock under Rs 20: This micro-cap company bags a new order from East-Central Railway!

Praveenkumar Yadav
/ Categories: Trending, Mindshare

The shares of the company has gained more than 25 per cent in the last six months.

On June 09, 2023, MIC Electronics Limited informed in the exchange filing that the company has received Letter of Acceptance from Sonpur Railway Division of East-Central Railway Zone for providing Soft Upgradation/ improvement of Telecom Infrastructure at 03 Amrit Stations – Khagaria, Sahebpur Kmal Junction and Lakhminia Railway Stations. The value of the said tender is Rs 1,02,31,581.59. 

MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and the development of Telecom software since 1988.  

MIC's flagship products are LED Video Displays, which have become an integral part of sports stadiums, transportation hubs, digital theatres and theme parks, advertisements, and public information displays.  

Some of the major clients of the company are L&T Ltd, Indian Railways, RBI, HP, MTNL, SBI, P&G, LIC, Reliance industries ltd, Tata Teleservices, P&G, Hyderabad Racecourse, Coal India ltd, Gujarat Science City, Vizag steel, IDBI bank, Bharat electronics, Air India Ltd, Andhra Pradesh Technology Services, and BSNL.  

DSIJ offers a service 'Vriddhi Growth' with recommendations for long term stocks to invest for growth based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here

On Friday, the stock opened at Rs 18.20, with a high and low of Rs 19.34 and Rs 18.00. The stock closed trading at Rs 18.81, up by 0.21 per cent over its previous close of Rs 18.77.  

The stock has a 52-week high of Rs 20.95 and a 52-week low of Rs 10.86. The company has a market capitalization of Rs 416.54 crore. The stock has given multibagger returns of over 160 per cent in the last three years.   

Previous Article Multibagger in just 6 months: Small-cap aerospace & defence company receives order worth Rs 202 crore from Government of India!
Next Article Multibagger penny stock under Rs 10; Board likely to announce rights issue!
Rate this article:
4.1

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR