MIC Electronics Surges On Railway Orders, BIS Certification And Display Contracts

Image Source : Goodreturns

Shares of MIC Electronics Ltd continued their upward momentum this week, buoyed by a series of contract wins from Indian Railways and a key certification from the Bureau of Indian Standards. The smallcap stock has gained over 7 percent in two days, with a 3.2 percent intraday jump on July 16.

Recent Order Wins And Technical Milestones

- MIC Electronics secured a two-year contract from South Central Railway to maintain 10 indoor and 5 outdoor display boards at Vijayawada station
- The company received a BIS certificate for its data processing machine, enhancing credibility for future government tenders
- A separate order from Pandit Deen Dayal Upadhyay Junction includes installation of coach indication boards, fare display units, and a video wall worth Rs 1.11 crore
- An additional Rs 60 lakh order was awarded for emergency lighting units

Market Performance And Historical Returns

- The stock opened flat at Rs 53.38 but climbed to Rs 55.07, outperforming broader indices
- MIC trades above its 5-day and 20-day moving averages, though still below longer-term averages
- The company has delivered a 203 percent return over two years and a staggering 8,400 percent gain over five years
- Year-to-date, however, the stock has corrected by over 30 percent

Strategic Outlook

With multiple railway contracts and regulatory validation, MIC Electronics is positioning itself as a key player in public infrastructure digitisation. Analysts view the recent developments as a short-term catalyst, though execution and margin sustainability remain critical.

Sources: India TV News, Moneycontrol, Times Now, Business Standard.