Upper Circuit Alert! Electronic Stock Under Rs 50 Jumps 5% On Buying Interest Amid Bull Market; Know Share Price Details

Stock Under Rs 50: The shares of MIC Electronics Ltd surged 5 per cent to hit the upper circuit during the intraday trade on Tuesday after a massive buying interest amid a rally in the stock market after the India-US trade deal announcement.

The stock opened with a huge gap up, hitting the upper circuit at Rs 44.92, up 5 per cent against the last day's closing of Rs 42.79 on NSE.

At the time of writing, the electronic sector stock was trading at Rs 44.28, up Rs 1.49 or 3.48 per cent.

Today's rally in the stock was also fueled by the announcement that the Hyderabad-based company received a commercial order for its GPS Location-based Public Address and Passenger Information System (PAPIS).

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" In continuation of our announcement dated December 23, 2024, regarding the approval of the Approval of CCA (capacity cum capability assessment) for the GPS Location-based Public Address & Passenger Information System (PAPIS). We wish to inform you that the Company has received its first order post product approval under this category, from Railway Coach Factory, Kapurthala, New Delhi," the company said in its exchange filing.

Share Price history

The stock has been gaining for the last two sessions, and in the last 5 days it rose by over 20 per cent. According to BSE Analytics, in a long period, the stock has given a multibagger return. In the last 5 years, the stock rose by over 4,100 per cent, while in the last 3 years it surged 230 per cent. However, in the last six months, it fell by over 15 per cent, and in one year it rose by over 45 per cent.

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Stock Market Today

The Domestic equity indices settle sharply higher after a dream rally on the back of the India-US trade deal announcement. BSE Sensex settled at 83,739.13, up 2072.67 points or 2.54 per cent, while Nifty50 closed the session at 25,727.55, up 639.15 points or 2.55 per cent.

Disclaimer: This story is just a piece of news about the recent development in the above-mentioned stock. This should not be considered as investment advice.