MIC Electronics receives LoA from Kota Division; Stock rallies 3%

5 Dec 2022 , 11:53 AM

MIC Electronics Limited stock rallies over 3% on Monday’s trading session after the receipt of LoA from Kota division.

The Company has been awarded the tender for replacement & provision of coach guidance system at vikramgarh alot, suwasra and jhalwar city station of kota division, western central railway by the Kota Division – Signaling and Telecommunication, office of the DRM, WCR, Kota, Rajasthan on November 29, 2022.

The value of the said tender is Rs1,30,93,439.54/- (Rupees One Crore Thirty Lakh Ninety-Three Thousand Four Hundred Thirty-Nine and Fifty-four Paisa only), the company said.

At around 12:00 PM, MIC Electronics Ltd is currently trading at Rs11.48 per share up by Rs0.36 or 3.24% from its previous closing of Rs11.12 per share on the BSE.

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