MIC Electronics to acquire Singapore firm, stock rises
Business
MIC Electronics just announced a board meeting for Friday, July 25, to discuss a proposal for acquiring a Singapore-based company. The news sent shares up today.
MIC, around since 1988, is known for its LED displays and lighting—plus it works closely with Indian Railways.
MIC's stock climbed 1% to ₹52.87 on the NSE
The market liked the news: MIC's stock climbed 1% to ₹52.87 on the NSE.
Over the past two years, shares are up nearly 30%, and over three years they've soared about 40%.
Not bad for a company making moves in tech and infrastructure!