Multibagger stock under Rs 25: This micro-cap company receives order worth over Rs 3 crore from Indian Railways; hits 52-week high!

The stock gave multibagger returns of 1,476 per cent in just 2 years and over 2,200 per cent in 3 years.

MIC Electronics informed that the company has received a letter from Nagpur Railway Division of South East Central Railway Zone – Indian Railways for signaling and telecom works in connection with station development works under Amrit Bharat Station Scheme at Nainpur (NIR), Chhindwara (CWA), Seoni (SEY) and Mandlafort (MFR) Stations in Nagpur Division of SECR.

The aggregate value of the said work order is Rs 3,97,04,413.32 and will be completed in 9 months from the date of the issue of the LOA.

On Friday, one of the Top Gainers on BSE, shares of MIC Electronics were locked in a 5 per cent upper circuit to Rs 21.76 per share from its previous closing of Rs 20.73. The stock hit back-to-back upper circuits to make a new 52-week high of Rs 21.76 per share.

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

The company has a market cap of Rs 481.87 crore, according to the financials. The maximum stake of the company is owned by the promoters (74.63 per cent) and the rest is owned by the general public (25.37 per cent) as of March 2023. The company recently released its quarterly and annual results for the year ended March 31, 2023, where it reported positive numbers.
In a span of just 2 years, this stock surged from Rs 1.38 per share to Rs 20.76 per share, delivering extraordinary multibagger returns of 1,476 per cent and over 2,200 per cent in 3 years. Investors should keep an eye on this micro-cap stock.