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Mic Electronics Gains 5%; BSE FMCG Index Down 0.1%
Thu, 27 Jun 9:26

Mic Electronics Gains 5%; BSE FMCG Index Down 0.1%Image source: DNY59/www.istockphoto.com

Mic Electronics share price has zoomed 5% and is presently trading at Rs 78.4.

Meanwhile, the BSE FMCG index is at 20,461.4 (down 0.1%).

Among the top gainers in the BSE FMCG index today are Tata Coffee (up 3.6%) and Emami (up 1.4%).

Godrej Consumer (down 1.3%) and BOM.BURMAH (down 0.9%) are among the top losers today.

Over the last one year, Mic Electronics has moved up from Rs 23.5 to Rs 78.4, registering a gain of Rs 54.9 (up 233.4%).

On the other hand, the BSE FMCG index has moved up from 18,497.6 to 20,461.4, registering a gain of 10.6% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 171.6%), JYOTHY LABS (up 94.8%) and BOM.BURMAH (up 89.0%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 78,578.4 (down 0.1%).

The top losers among the BSE Sensex today are HCl Tech. (down 0.8%) and TCS (down 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 23,850.1 (down 0.1%). Tech Mahindra and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,578.4, registering a gain of 15,608.4 points (up 24.8%).

Mic Electronics Financial Update...

Mic Electronics net profit grew 1940.8% YoY to Rs 496 million for the quarter ended March 2024, compared to a profit of Rs 24 million a year ago. Net sales rose 108.6% to Rs 230 million during the period as against Rs 110 million in January-March 2023.

For the year ended March 2023, Mic Electronics reported 91.8% decrease in net profit to Rs 2 million compared to net profit of Rs 30 million during FY22. Revenue of the company fell 49.0% to Rs 229 million during FY23.

The current Price to earnings ratio of Mic Electronics, based on rolling 12 month earnings, stands at 27.8.

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