Latest news with #MICElectronics
Business Standard
6 days ago
- Business
- Business Standard
MIC Electronics consolidated net profit declines 15.23% in the June 2025 quarter
Sales rise 8.40% to Rs 11.61 croreNet profit of MIC Electronics declined 15.23% to Rs 1.67 crore in the quarter ended June 2025 as against Rs 1.97 crore during the previous quarter ended June 2024. Sales rose 8.40% to Rs 11.61 crore in the quarter ended June 2025 as against Rs 10.71 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 8 OPM %35.4024.18 -PBDT2.582.35 10 PBT1.671.97 -15 NP1.671.97 -15 Powered by Capital Market - Live News
Mint
10-06-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend six shares to buy today
Stocks to buy under ₹ 100: The Indian stock market added to its rally on Monday, lifted by positive global cues amid signs of progress in US tariff negotiations and the central bank's bumper monetary policy measures like the repo rate and CRR cut. The Nifty 50 rose 0.4% to 25,103.2 to an eight-month high, while the BSE Sensex gained 0.31% to 82,445.21. The gains in the broader market beat that of the benchmarks as the small-cap index added 1.6% and the mid-cap index jumped 1.1% Twelve of the 13 major sectors on the NSE advanced. Nifty Private and Nifty PSU Banks advanced 1.03% and 1.52%, respectively. Nifty Financials added 0.5%. The outlook for the Indian stock market remains firm on the back of strong domestic and global cues. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services, said, "Overall, we expect the market to continue its gradual up-move, on the back of strong domestic cues - better than expected Q4 corporate earnings, RBI's liquidity-boosting measures, above average monsoon forecast and the likely US-India trade deal." Meanwhile, commenting on the technical outlook for Nifty 50, Rupak De, Senior Technical Analyst at LKP Securities, said, "The Nifty has finally broken out of its prolonged consolidation on the daily timeframe. Market sentiment appears positive, with the index sustaining well above the crucial 50-day moving average (50DMA)." A golden crossover on the daily chart has been supporting the bullish sentiment. Following the breakout, a rise towards 25,350 looks likely, he said, adding that a decisive move above this level could trigger a rally towards 25,700. "On the downside, support is placed at 24,850; a breach below this level may lead to a shift in sentiment," De said. Regarding stocks to buy today, market experts Sumeet Bagadia, Executive Director at Choice Broking; Sugandha Sachdeva, Founder of SS WealthStreet; Anshul Jain, Head of Research at Lakshmishree Investment and Securities and Mahesh M Ojha, AVP - Research at Hensex Securities buying these six intraday stocks under ₹ 100: Reliance Power, NMDC, MIC Electronics, Imagicaaworld Entertainment, Asian Granito India and Hindustan Construction Company (HCC). 1) Reliance Power: Buy in cash at ₹ 64.62, target price at ₹ 71.62, stop loss at ₹ 62.35 2) NMDC: Buy in cash at ₹ 74, target price at ₹ 79.18 and stop loss at ₹ 71.41 3) MIC Electronics: Buy at ₹ 66, target price at ₹ 82-90, stop loss at ₹ 55 4) Imagicaaworld Entertainment: Buy at ₹ 73.50, target price at ₹ 80, stop loss at ₹ 70 5) Asian Granito: Buy at ₹ 60.25-61.25, target price at ₹ 64, followed by ₹ 67 and ₹ 70; stop loss at ₹ 58.70 6) HCC: Buy at ₹ 35.15-36.15, target price at ₹ 38, followed by ₹ 41, ₹ 44 and ₹ 47
India.com
09-06-2025
- Business
- India.com
This company secures LoA from Tirumala Tirupati Devasthanam, shares in focus: Check Details
Stock market news: Today, the spotlight is on Hyderabad-based MIC Electronics Limited as the company announces a significant milestone. MIC Electronics has secured a letter of acceptance (LoA) from the revered Tirumala Tirupati Devasthanam (TTD), Tirupati. This prestigious order, which must be executed within two months from the date of issue, underscores the company's growing influence in the LED display industry. This new project, with an aggregate value of Rs 56.95 lakh, is a significant addition to MIC Electronics' portfolio. The project involves providing LED display boards to present consolidated information to the pilgrims at Tirumala, a task that aligns with the company's expertise and commitment to innovation. 'The Company has received a Letter of Acceptance from the Tirumala Tirupati Devasthanam (TTD), Tirupati for Providing LED display boards to display consolidated information to the pilgrims at Tirumala. The aggregate value of the said work order is ₹ 56,95,215.94 (Rupees Fifty Six Lakh Ninety Five Thousand Two Hundred Fifteen and Paise Ninety Four Only),' the company said in an exchange filing, MIC Electronics Limited said. Stock Price Today Meanwhile, shares of MIC Electronics opened in the green today at Rs 70.80 against the previous close of Rs 67.98. It gained further to touch the intraday high of Rs 70.97 but fell amid selling pressure to touch the intraday low of Rs 66. The stock's 52-week high is Rs 114.74, and its 52-week low is Rs 48.10. The company's market cap is Rs 1,617.43. Share Price History Over the years, MIC Electronics has demonstrated impressive growth, with its stock delivering a multibagger return of 255 per cent in two years, 310 per cent in three years, and a staggering 7253.85 per cent in five years. However, the stock has experienced a correction of 28.94 per cent in the past six months and 21.99 per cent so far this year. Wins Order From Indian Railways Previously, the company demonstrated its capability by securing an order from the Indian Railways. The total cost of the work is Rs 1.11 crore, and the order needs to be executed within 6 months from the date the letter of acceptance (LoA) is issued. In addition, the company has received another order of Rs 60 lakh to supply emergency lighting units (ELU) for the railways, further solidifying its successful track record.
Business Standard
07-06-2025
- Business
- Business Standard
MIC Electronics bags LoA worth Rs 57 cr from Tirumala Tirupati Devasthanam
MIC Electronics said that it has received a letter of acceptance (LoA) worth Rs 56.95 crore from the Tirumala Tirupati Devasthanam (TTD), Tirupati. The order is for the supply and installation of LED display boards to provide consolidated information to pilgrims at Tirumala. The project is to be executed within two months from the date of the LoA. The company confirmed that none of the promoter, promoter group, or group companies have any interest in the awarding entity. It also confirmed that the order does not fall under related party transactions. MIC Electronics specializes in the design, development, and manufacturing of LED video displays as well as high-end electronics and telecommunications products. The company's consolidated net profit plummeted by 92.8% to Rs 3.57 crore, despite a significant 95.3% increase in revenue from operations, which rose to Rs 44.85 crore in Q4 FY25 compared to Q4 FY24. Shares of MIC Electronics surged 15.99% to close at Rs 67.98 on Friday, 6 June 2025.
Time of India
06-06-2025
- Business
- Time of India
Sensex rises! These stocks are up over 10% on BSE
NEW DELHI: Quite a few stocks rose in excess of 10% on BSE as domestic equity indices, BSE Sensex and NSE Nifty, traded in the green on Friday amid buying in frontline bluechip that rallied over 10% included, Dhunseri Tea(13.93%), MIC Electronics(13.30%), Mauria Udyog(13.03%), S S Organic(12.72%), Rishabh Digha(12.65%), Citadel Realty(12.38%), Ajcon Global(12.15%), NPR Finance(12.05%), Indef Manufacturing(11.76%) and Permanent Magnets(11.00%).The 30-share Sensex traded 685.37 points up at 82127.41, while the 50-share Nifty index rose 218.25 points to the Nifty 50 index, 43 stocks traded in the green, while 7 stocks were in the such as Reliable Ventures India Indef Manufacturing and Choksi Labs hit their fresh 52-week high, while Khadim India MPIL Corp , Yarn Syndicate(PP), Pulsar International and Archana Software touched their new 52-week low in trade.
