Shares of LED manufacturing company MIC Electronics are locked in the upper circuit amid strong buying interest following updates on a Letter of Acceptance (LoA) from Indian Railways. According to the information shared, the company has received a Letter of Acceptance (LOA) from the Sambalpur Division of the East Coast Railway Zone of the Indian Railways. This order involves the installation of CIB (Coach Indication Boards) and TIB (Train Indication Boards) systems at railway stations. The total project cost is approximately Rs 2.12 crore. Work will be carried out on various platforms at stations such as BGBR, NPD, JNRD, AMB, and RGL, strengthening the company’s order book.
The company said that the project needs to be executed within six months, and the terms and conditions will be finalised at the time of execution of the agreement.
Share price today
The stock opened with a gain at Rs 30.55 against the previous close of Rs 30 on the BSE. It later surged to touch the intraday high of Rs 31.50 and locked in the 5 per cent upper circuit. The market cap of the company stood at Rs 759.19 crore.
The counter has gained after two days of consecutive fall and is technically trading lower than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
Share price history
The stock has a 52-week high of Rs 82.82, touched on September 9, 2025 and a 52-week low of Rs 30, hit on March 30, 2026.
The stock’s 14-day relative strength index (RSI) is 32.72. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued.
According to BSE Analytics, the stock has delivered a strong 4,601 per cent return over five years and 166 per cent over three years. However, it has corrected 27.79 per cent on a year-to-date (YTD) basis as against the dip of 14.12 per cent in the benchmark index.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
