- By Aditya Pratap Singh
- Mon, 27 Apr 2026 03:30 PM (IST)
- Source:JND
Stock Under Rs 50: The shares of Hyderabad-based consumer durables firm 'MIC Electronics' rose nearly 3 per cent during the intraday trade on Monday amid buying sentiment in the Indian equity market. The rally in the stock was also driven by Q4 results.
The stock opened the session in negative territory at Rs 39.80 as compared to the last day's closing of Rs 40.80 on NSE. However, amid momentum in the stock market, the scrip recovered from losses to hit an intraday high of Rs 42.30, up nearly 3 per cent from the last day's closing.
However, the company's shares erased some of their gains to settle at Rs 41.06, up 0.61 per cent. In the last 30 day's stock soared nearly 30 per cent, while in the last five days it remained flat.
Meanwhile, its 52-week high and low values stood at Rs 82.97 and 29.97, respectively.
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Q4 Results
For the quarter ended March 25, 2026, the company reported a consolidated net loss of Rs 18.35 crore. Revenue increased 13.3 per cent to Rs 51 crore from Rs 45 crore in the same period last year.
At the operating level, EBITDA increased 60.6 per cent from Rs 8 crore to Rs 13 crore, reflecting improved efficiency and execution. EBITDA margin expanded 772 basis points to 26.2 per cent from 18.5 per cent a year ago.
Stock Market Today
Indian equity indices rose nearly 1% on Monday, led by rallies in Reliance Industries and Sun Pharma and positive global trends. The BSE Sensex rose 639.42 points, or 0.83%, to 77,303.63. The NSE Nifty rose 194.75 points, or 0.81%, to close at 24,092.70.
Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.