This ‘Lipo Se’ share filled the house with money, you will be amazed to see the 5 year profit

New Delhi. There is no telling which stock will make an investor rich in the stock market. Penny stocks, which some were afraid to touch, have also given investors spectacular returns. It is believed that penny stocks carry more risk. But, it is also a fact that when these shares go up, they also make a lot of money. The list of penny stocks also includes the name of MIC Electronics share which is making money. Five years ago, the share price was less than Rs 3, which crossed Rs 80 on Friday. This means that this multi-bagger stock has returned 2,757% in just five years.

In August 2019, the share price of MIC Electronics was Rs 2.80. It touched intraday Rs 82 in the last trading session. Later it closed up 0.42% at Rs 81.34. This penny stock has gained more than 166% over the past year and is up nearly 137% so far in 2024.

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This year’s journey has been something like that.
The stock was bullish in four months of 2024 and bearish in 5. Shares of MIC Electronics gained a stunning 68.7% in June. It had increased by 26 percent in April. MIC Electronics registered a growth of 8 percent in January and 30.8 percent in February. The share price rose 3.5 percent in July. The multi-beagger stock hit a 52-week high of ₹100.2 in July 2024. It is currently trading 20% ​​below its 52-week high, but still 248% above its 52-week low of Rs 23.

New order received
MIC Electronics informed the Indian Stock Exchange that it has received fresh orders. “The company has received a letter of approval from Ratlam Division of Western Railway Zone for supply, installation, testing and commissioning of telecommunication material for 12-metre wide foot overbridge connected to PF,” the company said. The total value of the said work order is ₹86,44,051.35.

(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes responsible for any damages you incur.)

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