Multibagger Railway Stock Under Rs 100 With High ROE; Surges 4.84 Per Cent Today on NSE, Trading Above 50-DMA Support
The stock gave multibagger returns of 135 per cent in 1 year, 560 per cent in 2 years and a whopping 16,000 per cent in 5 years.
Today on NSE, the shares of MIC Electronics Ltd surged 4.84 per cent per cent to an intraday high of Rs 80.50 per share from its previous closing of Rs 76.78 per share. The stock’s 52-week high is Rs 114.79 per share while its 52-week low is Rs 33.05 per share. The stock has consistently traded above its 50-day moving average (50-DMA) for the past year, indicating strong support from this technical level.
What is 50-DMA: The 50-day moving average is a technical indicator that smooths out price fluctuations by averaging the closing prices of a security over the past 50 trading days. It is often used by traders to identify short-term trends and potential support or resistance levels. When the price of a security crosses above the 50-day moving average, it can be interpreted as a bullish signal, while a cross below the moving average may be seen as a bearish signal.
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.
According to Quarterly Results, the net sales increased by 5 per cent to Rs 11.20 crore and net profit increased by 7 per cent to Rs 2.11 crore in Q2FY25 compared to Q1FY25. 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. Looking at its half-yearly results, the net sales increased by 313 per cent to Rs 18.57 crore in H1FY25 compared to H1FY24 while the company reported a turnaround net profit of Rs 10.05 crore in H1FY25 compared to a net loss of Rs 1.25 crore in H1FY24, an increase of 704 per cent.
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Recent Updates: MIC Electronics Limited invested Rs 51 crore in its Dubai subsidiary, SOA Electronics Trading LLC. This investment, approved by Dubai authorities, expands the company's business in the Electrical & Electronic Appliances sector. The company also secured approvals for supplying railway components, including GPS-based passenger information systems and microprocessor controllers for AC units for LHB coaches and double-decker coaches. Additionally, MIC Electronics obtained a Rs 1,21,90,343.51 contract for CIB services at Abhaipur station and established a new subsidiary, MICK Digital India Limited.
MIC Electronics has a market cap of over Rs 1,900 crore and has delivered good profit growth of 32.1 per cent CAGR over the last 5 years with an ROE of 60 per cent. The stock gave multibagger returns of 135 per cent in 1 year, 560 per cent in 2 years and a whopping 16,000 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.