Multibagger penny stock under Rs 25: This small-cap company bags a new order from Southern Railway; hits back-to-back upper circuit!

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 Salem Railway Division of Southern Railway Zone for providing of Passenger Information System in connection with Amrit Bharat Scheme in Chinna Salem, Namakkal, Karur, Erode stations and CAMC for a period of five years of Salem Division. The aggregate value of the said Work-Order is Rs. 5,13,92,406.65.

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.

On Friday, the stock opened at Rs 23.70, with a high and low of Rs 23.98 and Rs 23.50. The stock closed trading at Rs 23.98, up by 4.99 per cent over its previous close of Rs 22.84. 

The stock has a 52-week high of Rs 23.98 and a 52-week low of Rs 10.86. The company has a market capitalization of Rs 531.03 crore. The stock has given multibagger returns of over 160 per cent in the last three years.