Multibagger railway penny stock under Rs 60 jumps over 7 per cent on July 30; Here’s why!

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Multibagger railway penny stock under Rs 60 jumps over 7 per cent on July 30; Here’s why!

The stock gave multibagger returns of 315 per cent in 3 years and a whopping 6,400 per cent in 5 years.

Today, the shares of MIC Electronics Ltd surged 7.25 per cent to Rs 55.36 per share from its previous closing of Rs 51.62 per share. The stock’s 52-week high is Rs 114.79 per share while its 52-week low is Rs 49.50 per share.

MIC Electronics Ltd (MIC) signed a preliminary Memorandum of Understanding (MOU) to acquire Neo Semi SG Pte LIMITED (NSPL) of Singapore, a move approved in principle by MIC's Board to diversify into next-generation technologies. This acquisition, which is still pending final negotiations, per-share valuation and due diligence, aims to integrate NSPL's strategic collaborations, including those with a Silicon Valley semiconductor chip design company, an IoT-based climate resilience and smart grid solutions provider and India's largest electronics refurbishment and reverse logistics company. This aligns with MIC's long-term strategy to expand into high-tech sectors such as semiconductors, green energy and digital service infrastructure, with the expectation of significant value creation. The Managing Director is authorised to oversee these processes and the transaction remains subject to customary conditions and regulatory approvals, with the current understanding being non-binding.

In other developments, MIC Electronics Ltd. recently secured a domestic work order exceeding Rs 1.28 crore from the Palakkad Division of S&T for an IPIS system at Kannur station, which includes a six-year maintenance contract, as part of the "Improvements to Passenger Amenities" under the Amrit Bharat Station Scheme. The company also obtained a BIS Certificate for its Automatic Data Processing Machine. Additionally, MIC secured a two-year annual maintenance contract valued at Rs 13.48 lakh from the Vijayawada Division - S & T for 10 indoor and 5 outdoor display boards at Vijayawada Railway Station.

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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 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 1,300 crore and has delivered good profit growth of 19.2 per cent CAGR over the last 5 years. The stock gave multibagger returns of 315 per cent in 3 years and a whopping 6,400 per cent in 5 years.

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