MIC Electronics is currently trading at Rs 3.74, up by 0.17 points or 4.76% from its previous closing of Rs 3.57 on the BSE.
The scrip opened at Rs 3.70 and has touched a high and low of Rs 3.74 and Rs 3.70 respectively. So far 9843 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 8.09 on 23-Apr-2012 and a 52 week low of Rs 3.25 on 26-Mar-2013.
Last one week high and low of the scrip stood at Rs 3.79 and Rs 3.41 respectively. The current market cap of the company is Rs 38.33 crore.
The promoters holding in the company stood at 8.04% while Non-Institutions held 91.96% respectively.
MIC Electronics has entered into strategic tie up with Leyard Optoelectronics Co., Beijing, China. This agreement will facilitate in-depth cooperation between the two companies in the field of LED Applications. It will also allow both companies to expand their product offerings in their respective countries leveraging each other’s product portfolios. The tie up will help in expanding MIC’s small pitch LED display offering to include 1.6 mm to 3.0 mm and enable MIC to offer other LED displays at 3 different price points to meet the price to performance needs of customers.
MIC will continue to use its proprietary controllers and software customized for the Indian market while augmenting mechanical capabilities. The parties have also agreed to setup an LED Application manufacturing Joint Venture in India to meet the growing sales volumes and address price competitiveness globally.
Further, the alliance will enable Leyard to offer high-end LED Street Lighting & Solar LED Lighting products for different customers. Leveraging their partnerships with leading LED vendors, MIC and Leyard would create a Joint Venture with a total investment of $50 million for manufacturing of LED Chip and/or packing in India along with a global LED company to address the rapidly growing LED market in India and South Asia.
MIC Electronics is a global leader in designing, development and manufacturing of LED video displays, high-end electronic and telecommunication equipment and development of telecom software.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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