MIC Electronics Ltd has been on a winning streak, with its stock giving impressive returns over the years. In just 3 months, the stock saw a 110% increase, followed by a 156% increase in 6 months, a 270% increase in 1 year, a staggering 6,400% increase in 3 years, and an incredible 11,901% increase in 5 years.
Recently, the shares of MIC Electronics Ltd hit a 5% upper circuit, reaching Rs 86.41 per share from its previous close of Rs 74.60. The stock also set a new 52-week high of Rs 86.41, with its 52-week low at Rs 23. The company successfully completed its Qualified Institutional Placement (QIP) issue, raising a total of Rs 89,99,99,982 by allotting 1,95,65,217 equity shares to qualified institutional buyers.
Additionally, MIC Electronics Ltd received a Letter of Acceptance from the Firozpur Division of the Northern Railway Zone for providing coach guidance display boards at major stations within their division. The company also received a Letter of Completion/Installation Certificate from the Ratlam Division of the Western Railway Zone for completing various projects.
Founded in 1988, MIC Electronics Ltd is a leading manufacturer of LED displays, lighting solutions, telecom equipment, and medical equipment. The company’s consolidated quarterly results showed a significant increase in net sales and net profit, indicating a strong performance.
With a market cap of over Rs 1,900 crore and a 3-year stock price CAGR of 300%, MIC Electronics Ltd continues to be a promising investment option for investors. It is important to note that the information provided is for informational purposes only and not investment advice.