Inventory Market Right now: Multibagger small-cap inventory MIC Electronics Ltd has gained 150% yr thus far. Anand Rathi Analysis sees 10% extra upside
Inventory Value Motion
MIC Electronics Share worth that’s now buying and selling near ₹84 ranges although has corrected from highs of ₹114-115 seen in September 2024 , however remains to be up multifold from ₹32 ranges seen in December 2024.
MIC Electronics share worth having risen nearly 150% yr thus far has given Multibagger returns to the buyers
MIC Electronics share worth opened at ₹84.10 on the BSE on Friday, barely greater than earlier days closing worth of the share at ₹84 . The MIC Electronics share worth thereafter gained to highs of ₹84.91.
About MIC Electronics
Gentle-emitting diode (LED) video shows and lighting merchandise are designed, developed, and manufactured by MIC Electronics Restricted, an Indian agency. Cars, medical gear, and LED merchandise make up the corporate’s three enterprise segments.
The analysts stays Bullish on the Multibagger inventory MIC Electronics
Goal worth for MIC Electronics
For MIC Electronics Anand Rathi Analysis expects one other 10% upside. Anand Rathi Analysis has given a time-frame of 1 month whereafter it sees MIC Electronics reaching a goal worth of ₹90.
After peaking close to the 115 mark in September 2024, the inventory has undergone a pointy correction, dropping roughly 34 factors—equal to a 29% decline, mentioned Anand Rathi Analysis. This substantial pullback as per the brokerage has introduced the worth right down to a important technical degree, the place it has fashioned Bullish BAT sample between S3 & S4 camarilla pivot which aligns with earlier demand zone On Every day Chart.
These technical alerts as per Anand Rathi Analysis counsel that the inventory might witness a buildup of bullish momentum within the coming weeks. From a strategic standpoint, buyers could contemplate shopping for or accumulating the inventory throughout the 81-83 vary, with a possible upside goal of 90. To handle threat, it is strongly recommended to keep up a stop-loss at 77.5 on a each day closing foundation.
Disclaimer: The views and suggestions above are these of particular person analysts or broking firms, not Mint. We advise buyers to examine with licensed consultants earlier than making any funding selections.
