• Source:JND
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Consumer Durable Stock Under Rs 50: The shares of MIC Electronics Limited soared over 6 per cent during the intraday trade on Wednesday amid broad-based buying momentum in the domestic stock market on some signs of ease in the Middle East conflict.

The small-cap stock opened in positive territory at Rs 39.78 as compared to last day's closing of Rs 38.40, mirroring the rally in the stock market. The scrip escalated the gaining momentum further as strong buying interest erupted after the order win announcement. The stock soared nearly 6.4 per cent to hit an intraday high at Rs 41 on NSE.

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At the time of writing, MIC Electronics shares were trading at Rs 40.80, Rs 2.40 or 6.25 per cent. Meanwhile, its 52-week high and low values stood at Rs 82.97 and Rs 29.97.

Share Price History

In the last five trading sessions, the stock jumped over 5.87 per cent, while in a month it rose over 25 per cent. However, this year till date, the scrip has fallen by over 6 per cent. In the last six months, the stock corrected over 26 per cent, and in the year, the shares fell 30 per cent. In the last five years, the stock jumped by over 120 per cent.

Stock Market Today

The domestic stock market traded sharply higher during the session on signs of a resumption of peace talks between the US and Iran and a significant fall in crude oil prices. At the time of writing, Sensex was trading at 78,210.61, up 1,363.04 points or 1.77 per cent. Nifty50 quoted at 24,261.35, up 418.70 points or 1.76 per cent.

Railway Award Rs 2.12 Crore Order

Earlier in the month, the company informed that East Coast Railway (ECoR)'s Sambalpur division has awarded a contract worth 2.12 crore rupees for the installation of next-generation passenger information boards (CIBs) and train information boards (TIBs) at key stations, the company said in a statement.

According to the company, to improve passenger information and their overall experience, the project will be implemented at stations including Bargarh Road (BGBR), Nawapara Road (NPD), Junagadh Road (JNRD), Ambodala (AMB), and Rengali (RGL).

The Hyderabad-based company designs, develops, and manufactures LED video displays, high-end electronic components, and lighting solutions.

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Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.


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