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Mic Electronics Plunges 5%; BSE FMCG Index Up 0.4%
Fri, 20 Sep 9:20

Mic Electronics Plunges 5%; BSE FMCG Index Up 0.4%Image source: phive2015/www.istockphoto.com

Mic Electronics share price has plunged 5% and is presently trading at Rs 98.6.

Meanwhile, the BSE FMCG index is at 23,726.3 (up 0.4%).

Among the top losers in the BSE FMCG index today are HATSUN AGRO PRODUCTS (down 2.2%) and Gillette India (down 0.2%).

Zydus Wellness (up 3.8%) and Tata Coffee (up 3.6%) are among the top gainers today.

Over the last one year, Mic Electronics has moved up from Rs 29.1 to Rs 98.6, registering a gain of Rs 69.6 (up 239.2%).

On the other hand, the BSE FMCG index has moved up from 18,881.9 to 23,726.3, registering a gain of 25.7% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 281.1%), BOM.BURMAH (up 119.8%) and Colgate (up 80.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 83,603.0 (up 0.5%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.9%) and NTPC (up 1.7%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,526.0 (up 0.4%). JSW Steel and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,603.0, registering a gain of 16,006.2 points (up 23.7%).

Mic Electronics Financial Update...

Mic Electronics net profit grew 58.5% YoY to Rs 20 million for the quarter ended June 2024, compared to a profit of Rs 12 million a year ago. Net sales rose 29.7% to Rs 107 million during the period as against Rs 83 million in April-June 2023.

For the year ended March 2024, Mic Electronics reported 25285.4% increase in net profit to Rs 618 million compared to net profit of Rs 2 million during FY23. Revenue of the company grew 138.2% to Rs 546 million during FY24.

The current Price to earnings ratio of Mic Electronics, based on rolling 12 month earnings, stands at 37.7.

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