This ‘Lappu Se’ share filled the house with money, you will be shocked to see the 5 year return

New Delhi. It cannot be said when which stock will make an investor rich in the stock market. The penny stocks which some people were afraid to even touch have also given tremendous returns to those who invested. It is believed that penny stocks have a high risk. But, it is also true that when these stocks are in business, then they also rain a lot of money. The name of MIC Electronics share is also included in the list of money-showering penny stocks. Five years ago, the price of this share was less than three rupees, which crossed 80 rupees on Friday. That is, in just five years, this multibagger stock has given a profit of 2,757 percent.

MIC Electronics share was priced at Rs 2.80 in August 2019. In the last trading session, it reached Rs 82 intraday. Later it closed at Rs 81.34 with a gain of 0.42 per cent. In the last one year, this penny stock has gained over 166 per cent, and in 2024 so far it has jumped about 137 per cent.

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This year the journey was like this
The stock was bullish in four months of 2024 and bearish in 5. MIC Electronics stock had gained a spectacular 68.7 per cent in June. It jumped 26 per cent in April. MIC Electronics registered a growth of 8 per cent in January and 30.8 per cent in February. The stock price rose 3.5 per cent in July. This multibagger stock had hit a 52-week high of ₹100.2 in July 2024. It is currently trading 20 per cent below its 52-week high but is still up 248 per cent from its 52-week low of ₹23.

received a new order
MIC Electronics informed the Indian stock markets about receiving a fresh order. The company said, “The company has received a letter of acceptance from Ratlam Division of Western Railway Zone, which relates to the supply, installation, testing and commissioning of telecommunication material for connecting 12 meter wide foot overbridge with PF. The total value of the said work order is ₹ 86,44,051.35.”

(Disclaimer: The information given here is based on the performance of the stock. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. AyraNews24x7 Hindi will not be responsible for any loss you may incur.)

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