{"id":112028,"date":"2023-10-17T12:59:00","date_gmt":"2023-10-17T07:29:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112028"},"modified":"2023-10-17T12:59:06","modified_gmt":"2023-10-17T07:29:06","slug":"microcap-stock-hits-5-upper-circuit-after-it-received-an-order-worth-3-55-cr-from-south-central-railway-zone","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-hits-5-upper-circuit-after-it-received-an-order-worth-3-55-cr-from-south-central-railway-zone\/","title":{"rendered":"Microcap stock hits 5% upper circuit after it received an order worth \u20b9 3.55 Cr from South Central Railway Zone"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-914478479\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of a global leader in LED display production locked around 5 percent upper circuit on Tuesday\u2019s early trade after the company received an order from South-Central Railway Zone.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-588506866\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>On Tuesday\u2019s early trade, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MICEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">MIC Electronics Ltd<\/a><\/strong> shares touched around 5 percent upper circuit and touched a 52-week high price of Rs 40.60 apiece on the National Stock Exchange, and the company has a market capitalization of Rs 899 crores.\u00a0<\/p><p>According to the company&#8217;s exchange filing, MIC Electronics received a Letter of Acceptance from the Hyderabad Division of the South-Central Railway Zone for the upgrading of passenger facilities under the &#8220;Amrit Bharat Station Scheme&#8221; (ABSS) for an Order of Rs. 3.55 crore.&nbsp;<\/p><p>The MIC electronics share gained 228 percent in six months and 236 percent over a year. A one-lakh rupee investment in the company would be worth Rs. 3.36 lakhs after a year and Rs. 3.28 lakhs after a half-year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3802271928\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The operational income of MIC Electronics has risen by 241 percent year on year, from Rs 2.42 crore in Q1FY23 to Rs 8.26 crore in Q1FY24. During the same time period, the net loss was reduced from Rs 1.24 crore to a profit of Rs 1.24 crore.&nbsp;<\/p><p>MIC Electronics Limited is engaged in the business of element management system (EMS) and network management System (NMS) solutions for the telecommunications, railway, and network industries.&nbsp;<\/p><p>In the recent financial year, the company reported a net profit of 2.47 percent and an operating margin of 11 percent.&nbsp;<\/p><p>The company promoters hold 74.63 percent stake in the company in the recent quarter and retail investors possess 25.37 percent.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1137187057\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of a global leader in LED display production locked around 5 percent upper circuit on Tuesday\u2019s early trade after the company received an order from South-Central Railway Zone.&nbsp; On Tuesday\u2019s early trade, MIC Electronics Ltd shares touched around 5 percent upper circuit and touched a 52-week high price of Rs 40.60 apiece on [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":73343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10217,10219,10216,948,936,10218],"class_list":["post-112028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-mic-electronics-latest-news","tag-mic-electronics-latest-order","tag-mic-electronics-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-mic-electronics-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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