Upper circuit alert: This multibagger penny stock under Rs 35 bags multiple new order worth Rs 4,26,52,271.71 from Central Railway!

The shares of the company have gained more than 100 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 the Kota Division of West-Central Railway Zone. The order involves the Provision of a High-Level Platform at BTE, BXN, and BWM stations and the improvement of the PF Surface at GOH, BAZ, and CAG stations. And improvement to interiors, waiting halls, etc. at 17 no stations of Kota Division and provision of COP at 7 no stations of Kota Division under Amrit Bharat Station Scheme in WCR Replacement of IP Based Integrated Passenger Information System at Tenali Station (TEL). The aggregate value of the work order is Rs 2,70,02,653.65. The order is to be completed in six months.

Also read, How can risk management and diversification open doors to financial success? Find out here 

Recently, the company also received a Letter of Acceptance from the Vijayawada Division of South-Central Railway Zone for the Replacement of the IP-based integrated passenger information system at Tenali station (TEL). The aggregate value of the work order is Rs 1,56,49,618.06. The order is to be completed in the next 12 months.

Also read, This multibagger bulk explosives company bags biggest ever order Rs 1,853 crore.

MIC Electronics Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 13.75 on October 10, 2022, to Rs 32.55 on October 09, 2023, an increase of about 130 per cent in a one-year holding period.

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.

Disclaimer: The article is for informational purposes only and not investment advice.