MIC Electronics is currently trading at Rs. 13.70, up by 0.62 points or 4.74% from its previous closing of Rs. 13.08 on the BSE.
The scrip opened at Rs. 13.70 and has touched a high and low of Rs. 13.73 and Rs. 13.70 respectively. So far 850 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 39.75 on 12-Jan-2022 and a 52 week low of Rs. 10.86 on 18-Nov-2022.
Last one week high and low of the scrip stood at Rs. 13.73 and Rs. 11.20 respectively. The current market cap of the company is Rs. 289.65 crore.
The promoters holding in the company stood at 74.63%, while Non-Institutions held 25.37% stake in the company.
MIC Electronics has entered a preliminary Memorandum of Understanding (MoU) dated December 01, 2022 with Interactive Fully Electrical Vehicles (I-FEVS) to collaborate in the area of road mobility with the objective to exploit the I-FEVS patents related to Electric 2 and 3 wheelers, characterized by: 1) a novel approach to manufacture the frame and more in general the overall mechanical and electromechanical components including the suspension system, 2) A novel electrical propulsion system 3) an electrical electronic architecture studied for over the air firmware updates, for preventive maintenance, user(s) identification, energy management, energy harvesting through photovoltaic, situational awareness. 4) A specifically designed battery pack.
The primary goal of this MOU is MIC to become the sole contract manufacturer / assembler for I-FEVS in India. In principle from a single component to a group of subsystems or the assembly of the overall 2 and 3 wheelers and Sales & Services in the Indian sub-continent.
MIC Electronics is engaged in manufacturing light emitting diode (LED) lighting solutions, development, production and sale of video and animation displays and text and graphic displays.
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