13,000 Per Cent Multibagger Returns: Railway Telecom Stock Under Rs 100 Hit Upper Circuit; Company Secured 2 Orders From Indian Railways This Month
The stock gave multibagger returns of 205 per cent in 1 year, 6,700 per cent in 3 years and a whopping 13,000 per cent in 5 years.
Today, the shares of MIC Electronics Ltd hit a 5 per cent upper circuit to an intraday high of Rs 90.24 per share from its previous closing of Rs 85.95. The stock’s 52-week high is Rs 100.02 while its 52-week low is Rs 23. The shares of the company saw a spurt in volume by more than 3.70 times on BSE.
MIC Electronics Limited has successfully secured two substantial orders from the Indian Railways this month. The first order, valued at Rs 86,44,051.35, was awarded by the Ratlam Division of the Western Railway Zone for the supply and installation of telecom material for foot overbridges at 14 stations. The second order, valued at Rs 1,33,08,976.53, was awarded by the Salem Division of the Southern Railway Zone for the provision of telecom-based passenger amenities and FIOSNET services at various stations. Both orders are domestic contracts that are expected to be executed within 6 to 10 months from the date of acceptance. The company has confirmed that there are no related party transactions involved in these orders.
MIC Electronics Ltd., founded in 1988, is a leading manufacturer of LED displays (indoor, outdoor, mobile), lighting solutions (indoor, outdoor, solar), telecom equipment, 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, UK and other countries.
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According to Quarterly Results, the net sales increased by 53 per cent to Rs 10.71 crore and net profit increased by 59 per cent to Rs 1.97 crore in Q1FY25 compared to Q1FY24. In its standalone annual results, the net sales increased by 826.3 per cent to Rs 54.58 crore and net profit increased by 41,967.3 per cent to Rs 61.84 crore in FY24 compared to FY23. Looking at the consolidated annual results, the company reported net sales of Rs 22.91 crore and net profit of Rs 0.26 crore in FY24.
FIIs bought 2,01,99,118 shares in Q1FY25 and increased their stake to 8.38 per cent compared to 0.29 per cent in March 2024. MIC Electronics has a market cap of over Rs 2,100 crore with a 3-year stock price CAGR of 305 per cent. The stock gave multibagger returns of 205 per cent in 1 year, 6,700 per cent in 3 years and a whopping 13,000 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.
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