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Mic Electronics Gains 5%; BSE FMCG Index Down 0.7%
Tue, 2 Jul 15:52

Mic Electronics Gains 5%; BSE FMCG Index Down 0.7%Image source: Chunumunu/www.istockphoto.com

Mic Electronics share price has zoomed 5% and is presently trading at Rs 90.7.

Meanwhile, the BSE FMCG index is at 20,592.2 (down 0.7%).

Among the top gainers in the BSE FMCG index today are GODREJ AGROVET (up 7.8%) and HATSUN AGRO PRODUCTS (up 5.5%).

Marico (down 2.6%) and Godrej Consumer (down 2.0%) are among the top losers today.

Over the last one year, Mic Electronics has moved up from Rs 23.5 to Rs 90.7, registering a gain of Rs 67.2 (up 285.9%).

On the other hand, the BSE FMCG index has moved up from 18,595.4 to 20,592.2, registering a gain of 10.7% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 156.5%), JYOTHY LABS (up 125.1%) and BOM.BURMAH (up 102.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,441.5 .

The top losers among the BSE Sensex today are Kotak Bank (down 2.4%) and Bharti Airtel (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,117.8 (down 0.1%). Shriram Transport and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,441.5, registering a gain of 15,526.0 points (up 24.3%).

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 35.1.

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