MIC Electronics, a small-cap multibagger stock, saw its shares surge nearly 2.09% to ₹44.85 apiece in Monday's trading session. This increase came after the company announced that it has received a Letter of Acceptance (LOA) variation from the Central Railway Zone, Nagpur division, worth ₹1,05,31,118 under the Amrit Bharat Scheme.
The new order is for the supply, installation, testing, and commissioning of telecom assets and passenger amenities at 7 stations of the Nagpur Division. This development is a significant boost for the company and its investors.
MIC Electronics has shown promising financial results. The company reported net sales of ₹37.89 crore for the September 2025 quarter, marking a 38% increase compared to ₹27.46 crore in the corresponding quarter of the previous fiscal year. Net profit for the quarter stood at ₹2.17 crore, up 1.98% from ₹2.13 crore recorded in September 2024.
Earlier this month, the company announced that the investment procedure in its step-down subsidiary, Cellular Galaxy Electronics LLC, Dubai, was successfully completed. This move is expected to further accelerate the company's growth and expansion plans.
Despite being volatile in the near-term, MIC Electronics has given multibagger returns to its long-term investors, surging over 270% in over five years. However, in the last six months, the stock has declined by 16.35%.
Remember, this is a perspective, not a prediction. It's essential to do your own research and consult with an investment advisor before making any investment decisions.
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