Multibagger penny stock under Rs 25: This micro-cap company bags a new order from Northern Railway worth Rs 4.39 crore!

The shares of the company have gained more than 60 per cent in the last six months.

MIC Electronics Limited informed in the exchange filing that the company has received a Letter of Acceptance from the Delhi Division of Northern Railway Zone for providing passenger amenities (Telecom) and expansion of an information system to facilitate Divyangjan and utility shifting in connection with Amrit Bharat Station scheme at TKJ, GHNA, MDNR, SZM, PWL, BVH, FDN, BGZ, ROK, PTRD, SMQL, NUR, SNP, JHI, NRW, MSZ Stations of Delhi Division. The aggregate value of the said Work-Order is Rs. 4,39,13,106.80.

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'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.

The stock has given multibagger returns of over 160 per cent in the last three years. The stock has shown tremendous growth, and investors should keep a close eye on this stock.