23 Sep 2025 | 5 Mins Read
MIC Electronics shares surge 8% in a single day
Flipitmoney
MIC Electronics' share price surged 8% on Tuesday and 30% in the last month due to 28% GST rate cuts on LED products to 18%. The change enhances competitiveness and profit margins. A recent ₹1.73 crore contract with South Central Railway and Northern Railway aids short-term revenue growth and strengthens MIC's standing in the railway infrastructure sector.