MIC Electronics jumps on Railway Budget proposals

In BSE, 14,113 shares of the scrip were traded. The stock had an average daily volume of 47,954 shares on BSE in past one quarter.

The scrip had touched a high of Rs 799 and a low of Rs 720 so far during the day. The stock had hit a 52-week high of Rs 1087.80 on 27 December 2007 and a 52-week low of Rs 210.25 on 30 May 2007.

The scrip had underperformed the market in the one month to 25 February 2008, falling 8.79% as against the Sensex's 3.87% decline. It had, however, outperformed the market in the past three months, soaring 21.75% against the Sensex's 7.72% slide.

The mid-cap video display system maker has an equity capital of Rs 20.13 crore. Face value per share is Rs 10.

At the current price of Rs 786, the scrip trades at a PE multiple of 28.87, based on Q3 December 2007 annualised EPS of Rs 27.22.

The estimated time of arrival or ETA is a system used to know when the vehicle is expected to reach/arrive at a certain place. ETAs are used in public transports to generate estimated times of arrival depending on either a static timetable or through measurements on traffic intensity. ETA is electronically calculated and flashed on LED display screens.

MIC Electronics designs and manufactures light-emitting diode (LED) video display systems. The LED products manufactured by the company find various applications, including sport and live events, advertising campaigns and news ticker displays.

The net profit of MIC Electronics rose 109.8% to Rs 13.70 crore on 114.8% rise in sales to Rs 78.24 crore in Q3 December 2007 over Q3 December 2006.