India's MIC Electronics rises on railway order win

MIC Electronics

13/06/2023 10:58

** Shares of MIC Electronics Ltd  MELC.NS  rise as much as
4.9% to 20.55 rupees
    ** Electric lighting equipment maker says it received work
order worth 39.7 mln rupees ($481,883.84) from Nagpur Railway
Division of South East Central Railway Zone
    ** Order for signaling and telecom works in connection with
station development works
    ** Stock set to advance for third consecutive session
    ** About 164,693 shares change hands by 3:23 p.m. IST, vs
30-day avg of 293,127 shares - Refinitiv Data
    ** Stock up 50.6% YTD


($1 = 82.3850 Indian rupees)

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