- By Aditya Pratap Singh
- Fri, 08 May 2026 12:45 PM (IST)
- Source:JND
Consume Durable Stock Under Rs 100: The shares of consumer durable company MIC Electronics rose nearly 9 per cent during the intraday trade on Friday amid strong buying interest for the stock despite a weak trend in the Indian stock market.
The small-cap stock started the session slightly down at Rs 52.44 as compared to the last day's closing of Rs 52.50 on NSE. However, the scrip picked the buying momentum, soaring over 9 per cent to hit an intraday high at 57.60 apiece on NSE and BSE.
Today's rally in MIC Electronics shares was not only supported by robust trading volumes, but the announcement that the company has initiated the development of IPIS v2.0 for Indian Railways, which is progressing as per plan, has also fueled the momentum.
"Company has initiated the development of IPIS v2.0 for Indian Railways, and the project is progressing as per plan. The product architecture has been successfully established, with dedicated teams working in parallel across hardware, firmware, and Network Management System (NMS) application software development," the company said in an exchange filing.
Share Price History
In the long run, the electronic sector stock has given a multibagger return; however, in the near term, the company shares corrected. This scrip declined over 40 per cent in six months, while in a year, the small-cap stock fell over 30 per cent. However, MIC Electronics shares rose by over 167 per cent in three years. It has achieved over 4,708 per cent returns over the past five years.
Disclaimer: This story has been directly published from the agency feed (PTI). No changes have been made except the headline.