Multibagger Penny Stock under Rs 30; This small-cap company bags order worth Rs 4,03,56,394 from Nagpur Central Railways, stock generated multibagger return of 3300 per cent
Impressively, the stock has yielded a 111 per cent return in just six months
MIC Electronics Limited has announced that it has been awarded a significant order by the Nagpur Division of the Central Railway Zone as stated in the latest exchange filing on August 12, 2023.
The project entails undertaking Signalling and Telecom works as part of the Amrit Bharat Station Scheme. The scope of work covers several key stations, including Itwari (ITR), Kamptee (KP), Bhandara Rd. (BRD), and Tumsar Rd. (TMR).
The total value of the contract stands at Rs. 4,03,56,394, reflecting the substantial nature of the endeavor. This accomplishment underscores MIC Electronics Limited's expertise and prominence in the field, highlighting its prowess in delivering crucial infrastructure solutions.
This project not only contributes to enhancing rail network efficiency but also signifies the company's commitment to playing a pivotal role in critical transportation initiatives.
The stipulated timeline for the execution of orders is 9 months, commencing from the date of issuance of the Letter of Acceptance.
Also, do not miss the opportunity, this company announced split - link
As of Friday's close, the company's shares were closed at Rs. 26.55 on the BSE. The current market Impressively, the stock has yielded a 111 per cent return in the last six months capitalization stands at Rs. 587.94 crore.
Impressively, the stock has yielded a 111 per cent return in just six months, and over the longer term, it has garnered a substantial return of 1911 per cent in the past two years and an astonishing 3348 per cent in just three years.
Investors must keep this stock on their radar.
Also, do not miss the opportunity, this company announced a buy-back - link
Disclaimer: This article is for informational purposes only and not investment advice.