Penny Stock Under Rs 50 Bags Massive Rs 114 Cr Government Order; Stock In Focus

MIC Electronics Limited has notified the stock exchanges that it has been granted a Letter of Acceptance (LoA) for a significant infrastructure project in Nava Raipur Atal Nagar from the Government of Chhattisgarh's Nava Raipur Atal Nagar Vikas Pradhikaran (NRANVP).

The project for the design, engineering, supply, construction, testing, commissioning, Annual Maintenance Contract (AMC), and Operation & Maintenance (O&M) of infrastructure works at the Common Facility Center in Sector 22, Nava Raipur Atal Nagar, Raipur, has been awarded to MIC Electronics in accordance with the LoA. The order represents a substantial boost to the company's order book, with a total value of Rs 114.10 crore.

The order is categorized as a direct domestic order as it was granted by a domestic government entity through a tender method.The project is expected to be completed within ten months after the agreement execution date. MIC Electronics has made it clear that the awarding authority is not of any significance to the promoters or promoter group companies. The company further affirmed that related party transactions are not subject to the order.

The firm has said that this development is anticipated to expand its presence in large-scale infrastructure and government-led projects. The Letter of Acceptance was received on January 27, 2026, at 3:43 PM.

Additionally, the company has stated that its board of directors will meet on Saturday, January 31, 2026, to discuss and approve the company's un-audited (standalone and consolidated) financial results for the quarter that ended on December 31, 2025.

MIC Electronics Ltd. (MICEL) shares are now trading at Rs 38.97 on the National Stock Exchange (NSE) as of January 28, 2026. During the trading session, the stock surged from a prior close of Rs 35.43 to reach its 10% upper circuit. The stock had been in a severe decline before today's rise; only one day earlier, it had dropped to a 52-week low of Rs 33.31, indicating a loss of about 59% of its value over the previous three months.

MIC Electronics Limited, an Indian pioneer in the design and production of LED video displays, high-end power and telecommunication equipment, and telecom software, was founded in 1988 and has its headquarters in Hyderabad. The stock has had incredible long-term returns of nearly 3,400% over the last five years, and it is up 9.99% today. The company's P/E ratio is 98.04, its market value is around Rs 939 crore, and its EPS is Rs 0.40.