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MIC Electronics share price gained for the second day in a row on Wednesday, February 18, defying the weak sentiment in the Indian stock market amid high trading volumes. According to data from BSE, 4.11 lakh shares of MIC Electronics had changed hands as of 12.45 pm compared with the two-week average of 59,000 shares.

MIC Electronics share price surged as much as 5% to hit the upper price band of ₹44.17. At the same time, the BSE Sensex lost almost 300 points during intraday deals and was last trading with a minor cut of 25 points.

In a month, the small-cap stock has gained 11%, defying the broader market weakness, helped by recent order wins and Budget booster for the semiconductor industry with a higher outlay of ₹40,000 crore.

More to come…Saloni Goel has nine years of experience as a business journalist and has extensively covered financial markets. At Mint, she has been part of the mar...

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