Only Buyers In This Multibagger Penny Stock Under Rs 65; Hits 5th Consecutive Upper Circuit & Trades at High ROE
The stock gave multibagger returns of 420 per cent in 2 years and a whopping 12,000 per cent in 5 years.
Today, the shares of MIC Electronics Ltd hit a 5 per cent upper circuit to Rs 64.19 per share from its previous closing of Rs 61.14 per share. The stock’s 52-week high is Rs 114.74 per share while its 52-week low is Rs 36.75 per share. The stock hit its 5th consecutive upper circuit, signaling strong bullish momentum.
MIC Electronics Ltd., founded in 1988, is a leading manufacturer of LED displays (indoor, outdoor, mobile), lighting solutions (indoor, outdoor, solar), telecom equipment, railway and software. They also produce medical equipment like oxygen concentrators and batteries. Headquartered in India, MIC exports its products globally and has a presence in the USA, Australia, the UK and other countries.
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According to Quarterly Results (Q3FY25), the company reported net sales of Rs 11.75 crore and a net profit of Rs 2.17 crore while in its nine-month results (9MFY25), the company reported net sales of Rs 33.66 crore and a net profit of Rs 6.25 crore. Looking at the consolidated annual results, the company reported net sales of Rs 22.91 crore and a net profit of Rs 0.26 crore in FY24.
MIC Electronics has a market cap of over Rs 1,500 crore and has delivered good profit growth of 32.1 per cent CAGR over the last 5 years with an ROE of 60 per cent. Minerva Ventures Fund holds a 2.03 per cent stake in the company as of December 2024. The stock gave multibagger returns of 420 per cent in 2 years and a whopping 12,000 per cent in 5 years. Investors should keep an eye on this Small-Cap stock
Disclaimer: The article is for informational purposes only and not investment advice.