MIC Electronics Close 6.80% Higher After GST Cuts; Stock Nears 12-Week High

New Delhi, September 4, 2025: MIC Electronics Limited share price saw strong investor demand today. As of market close today, the shares ended 6.80%, or 3.50 points higher at ₹54.98. However, at around 2:00 PM, the shares were up over 18.50% and were trading close to their 12-week high of ₹61.82.

Key Trigger: GST Rate Cut

The key trigger for the stock’s rally today was yesterday’s decision by the GST Council to slash the four-rate system to introduce two GST slabs of 5% and 18%. Within the decision, the GST rate on air conditioners and televisions was reduced to 18% from the previous 28%, effective from September 22.

MIC Electronics, which operates in LED displays, appliances, and automotive solutions benefitted from the announcements as investor sentiments were high. The new GST rate of 18% is expected to reduce the prices of certain electronics, directly benefitting MIC Electronics by increasing its revenue visibility, sales and profits.

Beyond the GST-driven rally, the company recently secured railway contracts worth ₹1.73 crore from South Central Railway and Northern Railway.

Traded Volume At 4.11 Crore With ₹22.66 Crore Turnover

At the end of today’s market session, the traded volume stood at 4.11 crore, with a total turnover of ₹22.66 crore. The shares made an intraday high of ₹61.77 and low of ₹51.64. The company’s current market cap stands at ₹1,241 crore.

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