MIC Electronics locked at 10%UC

MIC Electronics shares were locked at the 10% upper circuit on the BSE today, with the stock trading at Rs 38.94 versus the previous close of Rs 35.40. The counter opened at Rs 36.01 and moved in an intraday range of Rs 35.95 to Rs 38.94 (VWAP: Rs 37.51), as buying momentum picked up in the session.

The move came after the company disclosed receipt of a Letter of Acceptance (LoA) from Nava Raipur Atal Nagar Vikas Pradhikaran, Raipur, for infrastructure works at a Common Facility Centre in Sector 22, Nava Raipur Atal Nagar. The order is valued at about Rs 114.10 crore and covers the full project lifecycle including designing, engineering, supply, construction, testing and commissioning, along with AMC and operations & maintenance.

The contract was stated to have been formally accepted on January 27, 2026, with an execution timeline of 10 months, and was won through a competitive tender route, factors that provide clearer near-term visibility on timelines while also indicating potential annuity-type revenue via AMC/O&M beyond initial execution.

Founded in 1988, MIC Electronics operates across LED video display solutions, LED lighting, embedded and telecom software, and communication/electronic products, with applications spanning sports venues, transport hubs, digital theatres and public information displays. With the stock reacting sharply to the order win, investors will watch the pace of execution and conversion of the AMC/O&M component into sustained revenue over the project period.