This Penny Stock Priced Below Rs. 1 A Year Ago Delivered 2587% Return

Published: Thursday, March 24, 2022, 21:41 [IST]

Shares of MIC Electronics have delivered stellar returns to investors in the last one year. MIC Electronics share closed at Rs 0.75 on March 24, 2021 and today a just year after it settled in trade at a price of Rs. 20.15 per share on the NSE. On the BSE, the stock settled at a price of Rs. 19.90 apiece. In comparison, during the same period, the headline Indian indices, Sensex gained 17%, while Nifty added over 18%.

Company's financials:

In the December ended quarter of Fy22, the company's total income from operations zoomed massively to Rs.26.97 crore. Also, its net profit came in at Rs. 7.14 crore as against a loss of Rs. 1.05 crore in the previous quarter and Rs. 2.23 crore loss in the corresponding period of the previous year.

Among its peers including CG Power (170%), ABB India (13%), Siemens (27%) and Havells India (11%) the company has outperformed with such massive returns on its stock.

About MIC Electronics:

The small cap company with a m-cap of Rs. 110 crore. Established in the yeat 1988, this company is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988. An ISO 9001:2008 & ISO 14001:2004 certified, the company has a marked presence in the highly dynamic domains of:

LED Video, Graphics and Text Displays

LED Lighting Solutions

Embedded, System and Telecom software

Communication and Electronic Products

With headquarters at Hyderabad, the company's flagship products are LED Video Displays (indoor / outdoor / mobile), that are now an integral part of Sports Stadiums, Transportation Hubs, Digital Theatres and Theme Parks, Advertisements and Public Information Displays.