MIC Electronics Share Price Jumps 5% Amid Bullish Trend on Dalal Street

MIC Electronics Share Price Reaches 5% Upper Circuit on BSE

Market Update

On Wednesday, March 25, MIC Electronics stock hit its 5% upper circuit of ₹33.23 on the BSE, following broader market gains on Dalal Street. The Indian stock market benchmarks, Sensex and Nifty 50, extended gains to a second consecutive session today, clocking a strong surge of nearly 2% each.

Market Performance

The Sensex jumped over 1,200 points, or 1.7%, to an intraday high of 75,332, while the Nifty 50 rose over 400 points, or 1.8%, to the day's high of 23,318. The market rally is attributed to positive developments between the US and Iran, which are cheering the market.

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Corporate Actions

MIC Electronics has informed the stock exchanges that its board will meet on March 30, 2026, to consider a series of major corporate actions. The proposed actions include:

• Acquiring an 89.65% stake in Neo Semi SG Pte. Ltd., Singapore, through a share swap arrangement
• Acquiring a 43.05% stake in Refit Global Private Ltd through a related preferential issue of shares on a non-cash basis
• Transferring its Lighting Division and Medical and Other Appliances Division to subsidiary MICK Digital India Ltd by way of a slump sale
• Transferring its 40% stake in MICK Digital India Ltd to LED India Private Ltd
• Changing the designation of Deepayan Mohanty from Independent Director to Non-Executive and Non-Independent Director, subject to shareholder approval

Share Performance

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The small-cap stock has been under pressure recently, tanking 42% in the last 1 year and 45% in the past 6 months. Despite hitting its 5% upper circuit today, the stock is still 60% away from its 52-week high of ₹82.82, hit in September 2025. However, in the long term, it has given multibagger returns, soaring over 1000% in 5 years.