New Delhi: The stock market experiences fluctuations from time to time. Volatility is being seen in the stock market even at present. But this period has not had much effect on the shares of some companies and they have given good returns to their investors. The name of the low-capital company MIC Electronics is also included in these companies. During the last one year, this smallcap stock has performed brilliantly and has given a return of about 150 percent to its investors and there is every hope that this stock will continue to rise in the future and this stock is also on the radar of brokerage.
 

150% YTD returns

Shares of MIC Electronics, which is involved in the business of designing, developing, and manufacturing LED video display and lighting products, today made their intraday high at the level of Rs 84.95 with a gain of more than 1 percent. The shares of this company have gained about 150 YTD and have given multi-baggerr returns to investors. At the same time, the country's leading brokerage firm Anand Rathi has also started covering this stock.

 

Anand Rathi gave the target price

Anand Rathi Research expects a1 percentt rise in this stock for the short term. He believes that this stock can easily cross the target of Rs 90 in the next one-month period. According to the brokerage firm, after reaching close to Rs 115 in September 2024, this stock has registered a sharp decline. It is trading down by about Rs 34 or 29 percent. This massive decline has brought the stock price to an important technical level, where it has formed a bullish BAT pattern between S3 and S4 Camarilla pivots which is aligned with the previous demand area of ​​the daily chart.

Anand Rathi has advised investors to buy this stock at Rs 81-83 and exit after achieving the target of Rs 90. At the same time, it has advised to place a stop loss at the level of Rs 77.5.

More than 70 percent profit in 6 months

During the correction in the stock market, the shares of MIC Electronics have fallen by 1 percent, while in 6 months it has given a record return of more than 70 percent to the investors. Talking about one year, investors have made a profit of 147 percent, while in 5 years there has been an increase of more than 350 percent.