Share Market: Fluctuations are common in the stock market periodically. Currently, there is noticeable volatility in the stock market. However, these companies have not been greatly impacted by this period and have provided profitable returns to their shareholders. MIC Electronics, a company with low capital, is also listed among these companies. In the past year, this smallcap stock has shown impressive performance with a 150 percent return for investors, and there are expectations for future growth as it remains of interest to brokerage.
Delivered significant profits to investors
MIC Electronics shares, engaged in designing, developing, and manufacturing LED displays and lighting products, reached an intraday peak of Rs 84.95 today, marking a gain of over 1 percent. This company’s stocks have increased by approximately 150% year-to-date and have delivered significant profits to investors. Simultaneously, the top brokerage company in the country, Anand Rathi, has begun analyzing this stock as well.
Anand Rathi Research anticipates a 10 per cent increase in this stock’s value in the near future. He is confident that this stock has the potential to surpass the Rs 90 target within the next month. As stated by the brokerage firm, this stock has experienced a significant drop after almost hitting Rs 115 in September 2024. It is experiencing a decrease of around Rs 34 or 29 percent in trading. The significant decrease has caused the stock price to reach a crucial technical point, where a bullish BAT pattern has emerged between the S3 and S4 Camarilla pivots, coinciding with the previous demand zone on the daily chart.
In the stock market correction, MIC Electronics stocks dropped by 1%, but in 6 months it provided investors with a high return of over 70%. Regarding a single year, investors saw a 147 percent profit, whereas over a span of 5 years, there was a growth of over 350 percent.
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