Home Business & Finance MIC Electronics spurts on receiving patent for new Solar LED product
MIC Electronics spurts on receiving patent for new Solar LED product

MIC Electronics spurts on receiving patent for new Solar LED product

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MIC Electronics is currently trading at Rs 16.65, up by 2.37 points or 16.60% from its previous closing of Rs 14.28 on the BSE.

The scrip opened at Rs 14.84 and has touched a high and low of Rs 17.13 and Rs 14.10 respectively. So far 1457366 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs 2 has touched a 52 week high of Rs 28.65 on 06-Jan-2016 and a 52 week low of Rs 12.80 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs 16.00 and Rs 14.20 respectively. The current market cap of the company is Rs 250.40 crore.

The promoters holding in the company stood at 19.91% while Institutions and Non-Institutions held 0.13% and 79.96% respectively.

MIC Electronics have been granted a patent by the Controller General of Patents, Designs & Trademarks, Intellectual Property of India, for an invention entitled Solar Rechargeable Led Lantern for a period of 20 years commencing from 25th day of August, 2008.

This Solar LED product is a portable one embedded with multiple applications and highly advantageous for rural habitants.

MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays and Lighting Products.

Source:Livemint

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Anand Gupta Editor - EQ Int'l Media Network

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