Highest Ever Volume in the Last 18 Years: Multibagger Stock Under Rs 100 Jumps Over 75% from 52-Week Low; Trading above 200-DMA
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
The stock gave multibagger returns of 420 per cent in 3 years and a whopping 11,100 per cent in 5 years.
Shares of MIC Electronics Ltd reached a 10 per cent upper circuit on Wednesday, closing at Rs 78.02. This price is a significant increase from the previous close of Rs 70.93 and places the stock above its 200-day moving average. The stock's current price is up over 75 per cent from its 52-week low of Rs 44.50. This surge was accompanied by a more than fivefold increase in trading volume on the BSE. This move is a technical breakout above the critical Rs 70 mark on the weekly chart, and it is supported by key technical indicators like the MACD and RSI, which are showing bullish and positive divergence, respectively.
MIC Electronics Ltd. has signed a Memorandum of Understanding (MoU) with Singapore-based Top2 PTE Limited to find a semiconductor fabrication partner in Taiwan. The goal of this agreement is to explore and finalise a partnership for semiconductor wafer production. The initial target is to produce 25,000 to 30,000 wafers per month, a goal that is dependent on feasibility studies, negotiations, and regulatory approvals. This collaboration marks a significant step for MIC Electronics as it ventures into the semiconductor manufacturing space.
Earlier, MIC Electronics Limited secured three new orders from Indian Railways, collectively valued at Rs 1,73,04,860. The company received a Rs 53,67,040 order from the South-Central Railway for Coach Guidance Boards, 'At a Glance' display boards, and the replacement of announcement systems at 20 stations, which must be completed within 12 months. The other two orders, valued at Rs 43,89,560 and Rs 75,48,260, respectively, are from the Northern Railway for the Amrit Bharat station scheme. These contracts focus on providing passenger amenities and information systems for "Divyangjan" at stations, including TKJ, GHNA, and MDNR.
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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 its robust Environmental Management System across its 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 1,800 crore and has delivered good profit growth of 19.2 per cent CAGR over the last 5 years. The stock gave multibagger returns of 420 per cent in 3 years and a whopping 11,100 per cent in 5 years. The promoters of the company hold a 62.06 per cent stake as of June 2025.
Disclaimer: The article is for informational purposes only and not investment advice.