India's MIC Electronics rises on Railways work order

MIC Electronics

13/10/2023 06:00

** Shares of MIC Electronics  MELC.NS  rise as much as 5% to
36.9 rupees
    ** Electric lighting equipment maker receives Letter of
Acceptance for work order from Hyderabad Division of South -
Central Railway Zone at aggregate value of 33.8 mln rupees
($406,079.17)
    ** More than 920,000 shares change hands by 10:22 a.m. IST,
2.6x the 30-day moving avg
    ** Stock has more than doubled YTD


($1 = 83.2350 Indian rupees)

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