Small-cap stock under ?100, an electronics firm, jumps 5%; here's why

Stock Market Today: A small-cap stock under ₹100 gained more than 5% during the intraday trades on Tuesday following the order book update. The stock in focus is MIC Electronics.

MIC Electronics informed the exchange on July 15, 2025, regarding receiving a large order from railways. As per the release on the stock exchanges, MIC Electronics said it has received a Letter of Acceptance from the Palakkad Division S and T, Railway Divisional Office, Signal and Telecommunication Branch, Palakkad.

The letter of acceptance from the Railway Divisional Office, Signal and Telecommunication Branch, Palakkad, is for the supply, installation, testing, and commissioning of the IPIS system at Kannur station in connection with improvements to passenger amenities, including improvements to the platform, development of the circulating area and parking, and provision of the IRS-type platform shelters under the Amrit Bharath Station Scheme, with CAMC for 6 years.

The aggregate value of the said work order procured by MIC Electronics is ₹128 crore.

The time period in which the order by Palakkad Division S and T, Railway Divisional Office, Signal and Telecommunication Branch, Palakkad, is to be executed by MIC Electronics is 6 months from the date of issue of the Letter of Acceptance.

MIC Electronics share price opened at ₹50.59 on the BSE on Tuesday, slightly higher than the previous day's closing price of ₹50.58. The small-cap stock, however, gained more than 5% during the intraday trade on Tuesday to hit a high of ₹53.35.

Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories