Shares of this small-cap company were locked in 5 per cent upper circuit after bagging orders worth Rs 5,52,69,592!

From Rs 0.67 per share to Rs 12.42 per share, this stock gave multibagger returns of 1,754 per cent in just 2 years

On Monday, shares of MIC Electronics were locked in a 5 per cent upper circuit to Rs 12.42 per share from its previous closing of Rs 11.83, being one of the Top Gainers on BSE. At 03:30 pm, shares of the company ended in the green, up 3.30 per cent to Rs 12.22 per share.   

MIC Electronics Ltd informed that the company has been awarded the tender for the provision of passenger information system services. The value of the orders is Rs. 5,52,69,592.   

This first order is from Ahmedabad for the provision of coach guidance display boards, train arrival/ departure display boards, digital clocks, etc. The order is worth Rs 1,54,44,781. The second order is from Jabalpur for the provision of a coach at a glance. The order is worth Rs 52,43,141.   

The third order is from Bhopal for the replacement of the old coach guidance system and the provision of a glance Board. The order is worth Rs 1,36,37,486. The fourth order is from Sambalpur for the Provision of the PA system and Coach Indication Board. The order is worth Rs 56,23,618. The fourth order is from Jhansi for IP-based Passenger Information System (CIB & TTB). The order is worth Rs 1,53,20,565.  

MIC Electronics Limited is a global leader in the design, development & manufacturing of LED Video Displays, high-end electronic and telecommunication equipment and development telecom software.  

From Rs 0.67 per share to Rs 12.42 per share, this stock gave multibagger returns of 1,754 per cent in just 2 years. Investors should keep an eye on this Small-Cap stock.