MIC Electronics Stock Soars 10% on Major ₹114 Crore Infrastructure Order
MIC Electronics share price was locked at the 10% upper circuit on Wednesday, surging to ₹38.94 per share on the BSE following a significant order announcement. The small-cap company revealed it has secured a substantial contract from Nava Raipur Atal Nagar Vikas Pradhikaran in Raipur.
Details of the Lucrative Contract
The company received a Letter of Acceptance for designing, engineering, supply, construction, testing, commissioning, and maintenance of infrastructure works at the common facility centre in sector 22 of Nava Raipur Atal Nagar. This order carries a substantial value of ₹114.10 crore and comes with a strict execution timeline of 10 months.
MIC Electronics clarified in its regulatory filing dated January 28 that this was a direct order obtained through the tender participation route. The announcement has generated considerable investor interest, reflecting in the immediate stock price movement.
Upcoming Financial Results Announcement
In addition to the order news, MIC Electronics disclosed that its board of directors will convene on Saturday, January 31, 2026, to consider and approve the financial results for the third quarter of fiscal year 2026. This dual announcement has created positive sentiment around the stock.
Stock Performance Analysis
Despite today's surge, MIC Electronics shares have experienced mixed performance across different timeframes:
- The stock has declined over 13% in the past month
- It has fallen approximately 30% over three months
- The share price has dropped 45% in the last year
- Remarkably, the stock has delivered extraordinary returns of 3,473% over the past five years
At 1:05 PM during Wednesday's trading session, MIC Electronics share price remained locked at the 10% upper circuit limit of ₹38.94 per share on the BSE. The market response indicates strong investor confidence following the order announcement and upcoming results declaration.
