Tuesday, January 26, 2010

MULTI BAGGER STORY OF MIC ELECTRONICS



Dear reader market creates some story for speculation. In these days story of MIC electronics is very popular in some investors so let us we discuss about it.
MIC electronics is a 2 rupees face value share with book value of 28.80 it year high is 59.90 and year low is 14.35
Rumor about MIC electronics that it is an energy-saving technology company.
Some broker say that it share price could potentially triple within the next 4 – 5 years.
It makes an energy-efficient light source (LED) that reduces electricity usage by 40% to 90% depending on size and model.
MIC electronics is the only company in India to have design-to-manufacture capability for making LED display solutions. This means it has virtually no competition to worry about.
Indian Railways is soon expected to float tenders for replacing all of its current displays and lighting with LED-based technology, which could mean a huge potential increase in orders and revenues for Company.
Promoter holding of MIC electronics is 32.63 percent with 74.12 percent pledged share. FII hold 9.92 percent stake in this company.
currently we did not buy any share of MIC electronics but believe that such type of rumors make this share hot in short term so one could buy it every decline in hope of multibagger return.

KEY WORDS:- multibagger bagger penny stocks shares buy sell hold mic electronics technology target.

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