Multibagger railway stock under Rs 60 surges as the Board to meet on July 25 to discuss the acquisition of a Singapore-based company!

DSIJ Intelligence-1 / 23 Jul 2025/ Categories: Multibaggers, Penny Stocks, Trending

Multibagger railway stock under Rs 60 surges as the Board to meet on July 25 to discuss the acquisition of a Singapore-based company!

The stock gave multibagger returns of 340 per cent in 3 years and a whopping 5,700 per cent in 5 years.

Today, the shares of MIC Electronics Ltd surged 2 per cent to Rs 53.49 per share from its previous closing of Rs 52.46 per share. The stock’s 52-week high is Rs 114.74 per share while its 52-week low is Rs 49.50 per share.

MIC Electronics Ltd. has announced that a Board Meeting will be held on Friday, July 25, 2025, at the company's Registered Office. This meeting, convened as per Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will primarily focus on discussing and approving a proposal for the acquisition of a Singapore-based company. The board will also consider the preliminary Memorandum of Understanding, agreements, and other related documentation concerning this acquisition.

Earlier, MIC Electronics Ltd. secured a significant domestic work order from the Palakkad Division S&T for an IPIS system at Kannur station, valued at over Rs 1.28 crore, including a six-year maintenance contract. This project is part of the "Improvements to Passenger Amenities" under the Amrit Bharat Station Scheme. They also received a BIS Certificate for their Automatic Data Processing Machine. More recently, the company secured a two-year annual maintenance contract from the Vijayawada Division - S & T for 10 indoor and 5 outdoor display boards at Vijayawada Railway Station, valued at Rs 13.48 lakh.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, download the service details here.

About the Company

MIC Electronics Ltd., founded in 1988, is a leading manufacturer of LED displays (indoor, outdoor, mobile), lighting solutions (indoor, outdoor, solar), telecom equipment, railway and software. They also produce medical equipment like oxygen concentrators and batteries. Headquartered in India, MIC exports its products globally and has a presence in the USA, Australia, the UK and other countries. , MIC Electronics Ltd has been awarded ISO 45001:2018 and ISO 14001:2015 certifications, recognising their robust Environmental Management System across their diverse product portfolio, including LED display systems, lighting products, EV chargers, and railway-related electronic solutions

Result: According to Quarterly Results, the company reported net sales of Rs 11.61 crore and net profit of Rs 1.67 crore in Q1FY26. In its annual results, the net sales increased by 8 per cent to Rs 94.76 crore in FY25 compared to FY24. The company reported a net profit of Rs 9.83 crore in FY25 compared to Rs 61.84 crore in FY24.

MIC Electronics has a market cap of over Rs 1,200 crore and has delivered good profit growth of 19.2 per cent CAGR over the last 5 years. The stock gave multibagger returns of 340 per cent in 3 years and a whopping 5,700 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.