285% rally in five years! Small-cap multibagger stock jumps 5% after this order book update

Multibagger Small-Cap Stock Under ₹50 Jumps 7% on New Contract Win

MIC Electronics' share price rallied almost 7% in intra-day deals on Monday, December 1 following the company's announcement of an order book update.

New Contract Win: Details

• MIC Electronics Limited secured a new contract from the Vijayawada Railway Division to set up an IP-based Integrated Passenger Information System at two railway stations.
• The company received a Letter of Acceptance (LoA) for the project, which includes 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.

Key Highlights

• The Company has secured the order through a tender process and not on a nomination basis.
• The work will be executed over a period of 12 months from the date the agreement is signed.
• 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 small-cap stock 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.
• However, in the long term, the stock has given multibagger returns, rallying over 285% in 5 years.

Important Notes: The stock's performance may be affected by various market and economic factors. Investors should do their own research and consult with financial experts before making any investment decisions.