MIC Electronics - Daily Stock Picks
MIC Electronics is a good medium to long term stock to buy at current levels.
Triggers
- MIC Electronics has bagged orders worth of 14.15 crore in the current quarter.
- MIC had made an agreement with Indian Oil Corporation to market its Solar LED Lamps.
Fundameantals
- Current Market Price: Rs 42.65 (as of Fen 25th)
- Target Price: Rs 54
- EPS: Rs 5
- Book Value: Rs: 28
- Dividend: 20%
About MIC Electronics
MIC Electronics Limited is a leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988. An ISO 9001: 2008 certified, it has marked presence in the highly dynamic domains of:
- LED Video, Graphics and Text Displays
- LED Lighting Solutions
- Embedded, System and Telecom software
- Communication and Electronic Products
Today, MIC’s flagship products are LED Video Displays (indoor / outdoor / mobile), that have become an integral part of Sports Stadiums, Transportation Hubs, Digital Theatres and Theme Parks, Advertisements and Public Information Displays.
Headquartered at Hyderabad (India), it has nation wide presence in the form of a vast network of marketing, sales and service support centres in all metros of India. To meet the demand of its products worldwide, it has offices in Australia, Korea and USA. Now the company is gradually setting up operations in other international markets. (Source: MIC Electronics Web Site)
I am not responsible for your investment decisions. Invest after your own research and study
