MIC Electronics Shares Surge 10% Amid Market Rally
Small-cap stock under ₹50 MIC Electronics jumps 10% following stock market rally
Mint
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Shares of MIC Electronics, a small-cap stock trading under ₹50, surged nearly 10% on April 29, 2026, following a strong rally in domestic equities. The stock has gained 40% in the past month, despite a decline over the last year, driven by improved operational performance and supportive global market conditions.
- 01MIC Electronics shares jumped nearly 10% amid a broader market rally.
- 02The stock has increased by 40% in the last month, despite a 24% decline over the past year.
- 03The company's revenue rose 13.3% year-on-year to ₹51 crore.
- 04EBITDA margins improved significantly, expanding 772 basis points to 26.2%.
- 05The stock has delivered a remarkable 1380% return over the past five years.
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On April 29, 2026, shares of MIC Electronics, a small-cap stock priced under ₹50, surged nearly 10% as domestic equities experienced a strong rally. The BSE Sensex rose 993 points to reach an intraday high of 77,879.68, while the NSE Nifty50 gained 288.30 points to trade at 24,284.00. Despite a 24% decline over the past year, MIC Electronics has seen a 40% increase in its stock price over the last month, buoyed by positive market conditions and improved operational performance. For the quarter ending March 25, 2026, the company reported a consolidated net loss of ₹18.35 crore, attributed to a one-time deferred tax adjustment. However, revenue increased by 13.3% year-on-year to ₹51 crore, and EBITDA jumped 60.6% to ₹13 crore, reflecting enhanced execution and cost efficiencies. The stock has delivered a staggering 1380% return over the last five years, despite recent fluctuations.
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The rise in MIC Electronics' stock price could benefit shareholders and attract new investors, potentially leading to increased market confidence in the company's future performance.
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