MIC Electronics share price was locked-in at 10% upper circuit on Wednesday after the company announced receipt of an order. The small-cap stock surged as much as 10% to ₹38.94 apiece on the BSE.
MIC Electronics informed that it has received a Letter of Acceptance from Nava Raipur Atal Nagar Vikas Pradhikaran, Raipur, for designing, engineering, supply, construction, testing, commissioning, AMC and operation & maintenance of infrastructure works at common facility centre in sector 22 Nava Raipur Atal Nagar, Raipur.
The order is worth ₹114.10 crore and the time period by which the order is to be executed is 10 months, MIC Electronics said in a regulatory filing on January 28.
The company added that it was a direct order, wherein it participated through the tender route.
Meanwhile, MIC Electronics said its board of directors will consider and approve financial results for the third quarter of FY26 on Saturday, January 31, 2026.
Technical Outlook
MIC Electronics share price has staged a rebound after correcting nearly 59% in just 94 days, but the current move carries all the hallmarks of a dead cat bounce rather than a structural reversal, noted Anshul Jain, Head of Research at Lakshmishree Investments.
“The bounce has begun on relatively muted volumes, well below what is typically seen in sustainable recoveries, highlighting a lack of strong participation. Price structure on higher timeframes remains damaged, with lower highs firmly intact. This rebound is likely to be short-lived, potentially lasting three to five sessions, and is expected to retrace into the unmitigated supply zone around ₹45 to ₹46. That area is likely to attract fresh selling pressure as trapped longs look to exit,” said Jain.
Unless volume expands meaningfully and structure improves, the move should be treated as corrective, with risk–reward still favoring the downside once the bounce exhausts, he added.
MIC Electronics Share Price Performance
MIC Electronics share price has fallen over 13% in one month and has declined 30% in three months. The smallcap stock has dropped 45% in one year, but has delivered multibagger returns of 3,473% over the past five years.
At 1:05 PM, MIC Electronics share price was still locked at 10% upper circuit of ₹38.94 apiece on the BSE.
