MIC Electronics Shares Surge 10% Amid Positive Market Trends
Stock Market News: Shares of THIS company locked in upper circuit amid momentum in market, check details
India
Image: India
Shares of MIC Electronics Ltd, a small-cap company in India, surged 10% today, trading at ₹44.24. The company reported significant revenue growth and secured new contracts with Indian Railways valued at approximately ₹1.12 crore.
- 01MIC Electronics Ltd's shares rose by 10%, trading at ₹44.24.
- 02The company reported a profit of ₹184.1 million in Q4FY26, up from ₹14.2 million a year earlier.
- 03It received contracts from Indian Railways worth around ₹1.12 crore.
- 04The stock opened at ₹40.86 and reached an intraday high of ₹44.55.
- 05Market indices Sensex and Nifty also saw gains, reflecting positive market momentum.
Advertisement
In-Article Ad
Shares of MIC Electronics Ltd, a small-cap company with a market capitalization of ₹1,068.40 crore, experienced a 10% increase today, trading at ₹44.24. The stock opened at ₹40.86 and peaked at ₹44.55 during intraday trading. In its latest quarterly results for Q4FY26, the company reported operating revenue of ₹507.9 million, a significant rise from ₹126.3 million in the same quarter last year. Total expenses also increased to ₹402.4 million from ₹113.4 million year-on-year, while profit surged to ₹184.1 million compared to ₹14.2 million previously. Furthermore, MIC Electronics secured new contracts from the Indian Railways, including a project valued at approximately ₹1.12 crore for telecom assets at Wardha station, to be completed within six months. The overall market showed positive momentum, with the BSE Sensex climbing 358.92 points to 77,245.83 and the NSE Nifty rising 101.2 points to 24,096.90.
Advertisement
In-Article Ad
The rise in MIC Electronics' shares and its new contracts may boost local employment and economic activity in the regions where the projects are implemented.
Advertisement
In-Article Ad
Reader Poll
Do you think the stock market will continue to rise in the coming weeks?
Connecting to poll...
Read the original article
Visit the source for the complete story.

