Only Buyers In This Railway Penny Stock Under Rs 60; Hit 10 Per Cent Upper Circuit On April 01; Trades at High ROE
The stock gave multibagger returns of 400 per cent in 2 years and a whopping 11,000 per cent in 5 years.
Today, the shares of MIC Electronics Ltd hit a 10 per cent upper circuit to Rs 59.58 per share from its previous closing of Rs 54.17 per share. The stock’s 52-week high is Rs 114.79 per share while its 52-week low is Rs 39.11 per share. The shares of the company saw a spurt in volume by more than 2 times on BSE.
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 1,400 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. Multitude Growth Funds Limited holds a 1.47 per cent stake in the company as of December 2024. The stock gave multibagger returns of 400 per cent in 2 years and a whopping 11,000 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.