Source: https://www.businessupturn.com/finance/stock-market/mic-electronics-shares-rise-2-after-securing-major-railway-order-worth-rs-1-33-crore/
Publisher: Business Upturn
MIC Electronics Limited saw a 2% surge in its stock price after announcing that it had secured a significant order worth INR 1.33 crore from the Salem Division of Southern Railway.
The order is for providing telecom-based passenger amenities and is expected to be completed within six months from the date of acceptance.
The work order, obtained through a tender process, is a domestic deal with no involvement from the company’s promoters or related parties.
As of 12:20 pm, MIC Electronics’ shares were trading 1.61% higher at ₹81.95, reflecting the positive response from investors to this development.
