Shares of MIC Electronics, a small-cap stock with a market capitalization of ₹758 crore, were locked at the 5% upper circuit limit in Wednesday’s session, April 1, reaching ₹31.46 apiece, providing some relief to shareholders, as the stock had been under selling pressure in recent weeks.
The rebound in shares came after the company informed investors through a regulatory filing that it had received an order worth ₹2.12 crore from the Sambalpur Division, East Coast Railway Zone of Indian Railways.
“The company has received a Letter of Acceptance from the Sambalpur Division, East Coast Railway Zone of Indian Railways, for provision of (1) CIB at PF no.1 & 2 of BGBR, PF-2,3 of NPD, PF-1,2 of JNRD, PF-1, 2 & 3 of AMB, PF-1, 2,3 of RGL and TIB at BGBR, NPD, JNRD, AMB & RGL of Sambalpur Division for an amount of ₹2,12,68,360.23,” the company said in its filing.
It secured the order by participating in a tender, which is expected to be completed in six months.
Earlier in February, the company secured multiple orders, with one from the Howrah Division, Eastern Railway Zone of Indian Railways, worth ₹45 crore, and another from the Firozpur Division of Indian Railways, worth ₹1.45 crore.
MIC Electronics share price trend
The small-cap stock has remained under pressure since October 2025, having closed the following six months in the red. Although the company’s shares have lost a cumulative 48% over six months, the long-term gains remain intact, as the stock is still trading with a massive gain of 4740% over the last five years.
During this period, the shares have moved from ₹0.70 to the current level of ₹31.46. Impressively, the stock delivered multibagger returns in two of these years, with a 150.44% rally in 2024 and 148% in 2023.
The massive rise in the share price over a short period has significantly boosted investor wealth.
An investor who had put ₹1 lakh into the stock five years ago and held on to it would have seen its value grow to nearly ₹45 lakhs, highlighting the wealth-creating potential of the stock market when the right counters are chosen.
MIC Electronics operates in the business of LED products, medical and other appliances, and automobiles. The LED display market in India is growing rapidly, supported by government initiatives such as Smart Cities and Digital India.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.
