MIC Electronics shares rose 3 percent on Thursday after the company secured fresh orders from Indian Railways. The total value of the orders stands at about Rs 2.22 crore. The stock settled at Rs 41.90 per share on the NSE, up 3 percent.
In an exchange filing, the company stated it received a Letter of Acceptance from the Signal and Telecommunication (S&T) department of the Nagpur Division, Central Railway zone, for supply, installation, testing and commissioning of telecom assets and passenger amenities IPIS at Wardha station. This order is valued at Rs 1,12,14,148.93.
Additionally, it received a variation order from the Salem Division of the Southern Railway zone for the provision of a passenger information system under the Amrit Bharat Scheme at Tirupattur, Samalpatti, Morappur, Bommidi and Salem stations, along with comprehensive annual maintenance for five years. This order is worth Rs 1,09,45,604.
Meanwhile, the benchmark indices ended lower. The Sensex declined 122.56 points or 0.16 percent to settle at 77,988.68, while the Nifty fell 34.55 points or 0.14 percent to close at 24,196.75.
