Multibagger MIC Electronics Hits Upper Circuit for 12 Days Straight, Soars 300% in a Year

MIC Electronics has emerged as a standout stock in the Indian market, delivering impressive returns. Over the past year, its share price has surged from around ₹23.40 to ₹90.66, marking a 300% gain for long-term investors. Despite this substantial rise, the stock continues its upward trend, hitting the upper circuit for the last 12 trading sessions. According to BSE data, the stock has been consistently reaching its upper limit since 18th June 2024. Today, MIC Electronics opened higher and achieved a new lifetime high of ₹90.66 on the NSE.

Price History of MIC Electronics Shares

The growth trajectory of MIC Electronics shares has been remarkable across different timeframes:

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• One Month: The share price jumped from ₹48.60 to ₹90.73 on BSE, an increase of 85%.
• Six Months: The price rose from ₹33.85 to ₹90.73, a 165% rise.
• One Year: The stock saw a 300% increase.
• Five Years: The share price soared from ₹0.77 to ₹90.66, a staggering 11,700% rise.

Investor Gains

Based on the share price history of MIC Electronics, an investment of ₹1 lakh one month ago would now be worth ₹1.85 lakh. If invested six months ago, ₹1 lakh would have grown to ₹2.65 lakh. A ₹1 lakh investment made a year ago would be worth ₹4 lakh today.

For long-term investors, the returns are even more striking. If ₹1 lakh was invested in MIC Electronics five years ago, it would now be valued at an astonishing ₹1.18 crore, provided the investor stayed invested throughout the period.

Investment Advice

While these returns are impressive, it’s important to remember that investing in stocks carries risks. The views and recommendations in this article are from analysts, experts, and brokerage firms, not from Mint. Investors should consult with certified experts before making any investment decisions.