India's MIC Electronics rises as co gets order worth 39.5 mln rupees

MIC Electronics

01/06/2023 06:30

** Shares of MIC Electronics Ltd  MELC.NS  rise as much as
4.8% to 20.9 rupees, their highest since March 24, 2022
    ** The electric lighting equipment maker on Wednesday said
it has received letter of acceptance worth 39.5 mln rupees 
($479,030.27) 
    ** Co gets order from Secunderabad Railway Division of the
South-Central Railway Zone
    ** If gains hold, stock on track to advance for sixth
consecutive session
    ** About 367,273 shares change hands, 1.4x the 30-day avg -
Refinitiv Data
    ** Stock up 46.2% YTD, as of last close

    ($1 = 81.7800 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))