MIC Electronics shares rise 5% after ₹2.12cr Indian Railways order
Business
MIC Electronics shares shot up 5% on Wednesday, ending at ₹31.46 after the company landed a ₹2.12 crore order from Indian Railways to set up digital info boards in Sambalpur Division, East Coast Railway Zone of Indian Railways.
The project should wrap up in six months, giving the company a nice boost.
MIC Electronics secured ₹46.45cr railway contracts
Earlier this year, MIC grabbed bigger railway contracts worth ₹46.45 crore in other regions too.
Even though the stock dropped 48% over the last six months, it's hard to ignore its wild rise, from just ₹0.70 to ₹31.46 in five years (that's about 4,740%).
With India pushing for more smart tech and digital upgrades, MIC looks set for more action ahead.