Multibagger penny stock under Rs 25: This small-cap company bags a new order from West-Central Railway worth Rs 5.13 crore!

The shares of the company have gained more than 70 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 Jabalpur Railway Division-S&T of West-Central Railway Zone for supply, installation, testing, and commissioning of passenger amenities at 15 Stations of Jabalpur division under Amrit Bharat Station Scheme. The aggregate value of the work order is Rs 5,13,43,365.78. The order is to be completed in the next nine months.

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. While in the last six months, the stock has gained more than 70 per cent. And investors should keep a close eye on this stock.