Multibagger small-cap stock under ₹50: Multibagger small-cap stock under ₹50 share price rallied almost 7% in intra-day deals on Monday, December 1 after the company announced an order book update on the exchanges.
MIC Electronics Limited has announced that it has secured a new contract from the Vijayawada Railway Division to set up an IP-based Integrated Passenger Information System at two railway stations.
According to the filing, MIC Electronics received a Letter of Acceptance (LoA) for the project, which will cover the installation of the system at ANV and YLM railway stations under the Vijayawada Division of Indian Railways. The total contract value is ₹1,49,88,884.77, including the design, supply, installation, testing and commissioning of the integrated information system.
“The Company has received a Letter of Acceptance (LoA) from the Vijayawada Railway Division for the provision of an IP-based Integrated Passenger Information System at ANV and YLM Railway Stations under the Vijayawada Division. The total contract value amounts to ₹1,49,88,884.77 (Rupees One Crore Forty-Nine Lakh EightyEight Thousand Eight Hundred Eighty-Four and Seventy-Seven Paise Only),” it said in the exchange filing.
Indian Railways, through the Vijayawada Division, is the awarding authority for the order, and the work will be executed over a period of 12 months from the date the agreement is signed. The company clarified that it had secured the order through a tender process and not on a nomination basis.
With this new contract, MIC Electronics continues to expand its footprint in the railway technology sector, supporting the Indian Railways’ broader push toward smarter, digitally enabled passenger communication systems.
MIC Electronics Stock Performance
The surged as much as 6.8% to its day’s high of ₹47.68. It has halved investor wealth from its 52-week high of ₹95.90, hit in December 2024. Meanwhile, it touched its 52-weel low of ₹42.25 last week.
The stock has lost 44% in the last 1 year. 18% in past 6 months, 9% in last 3 months and 11% in last 1 month. Meanwhile, in the long term, the stock has given returns, rallying over 285% in 5 years.