MIC Electronics surges nearly 5% on order from NMC

MIC Electronics surgedon Monday after it signed an agreement with the Nashik Municipal Corporation (NMC) to replace 69,541 street lights across the city with energy saving LED luminaries.

The total cost of the scheme is Rs 2.03 billion which includes finance costs for the agreement period. Shares ofthe companyare trading at Rs 4.81, up Rs 0.22, or 4.79% at the Bombay Stock Exchange (BSE) on Monday at 11:15 a.m.The scrip has touched an intra-day high of Rs 4.81 and low of Rs 4.79. The total volume of shares traded at the BSE is 53,134.In the earlier session, the shares rose 4.79%, or Rs 0.21, at Rs 4.59. Currently, the stock is trading down 54.23% from its 52-week high of Rs 10.51 and above 15.35% over the 52-week low of Rs 4.17.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 4.89 (0.30) (6.13) 1 Month 5.29 (0.70) (13.23) 3 Months 6.25 (1.66) (26.56) 6 Months 4.67 (0.08) (1.71) 1 Year 10.13 (5.54) (54.69) Note: Based on previous day closing price.