India's MIC Electronics rises after receiving Railways work order

MIC Electronics

25/07/2023 07:36

** Shares of MIC Electronics  MELC.NS  rise as much as 4.8% to
26.05 rupees
    ** Stock touches highest level since Jan. 25, 2022; on track
for second consecutive session of gains, if trends hold 
    ** Electric lighting equipment maker receives Letter of
Acceptance for work order from Indian Railways at aggregate
value of 35.6 mln rupees ($435,380.81)
    ** As of last close, stock up 82.1% YTD 



($1 = 81.7675 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))