Mic Electronics shares rise by 50%in one month. More steam about?

Smallcap Stock Mic Electronics has jumped nearly 54 percent over the past one month following the recent GST GST cuts by the government. However, the script dropped by more than 8 percent in the last five trading sessions. The Smallcap shares agreed after the GST council’s decision to reduce tax on goods and services (GST) on air conditioners and televisions from 28 percent to 18 percent. The company is likely to benefit from the reduction rates on electronics, which can reduce prices and drive higher sales and profits. In addition to the GST-led boost, it also obtained a £ 1.73 crore contract from South Central Railway and Northern Railway for railway-related projects. Mic Electronics share price delivered more than 287.41 percent returns in five years. Mic Electronics share price – Should you buy or sell? Brokerage firm Anand Rathi called Mic Electronics as ‘Pick of the Month’. The brokerage firm gave the target price of £ 85 with an upside potential of up to 17.24 percent. “Micel delivered a getaway above the decisive 70 -point on the weekly chart, supported by a noticeable increase in volumes, which adds strength to the move. Technical indicators are also favored for the bullish sentiment, with both MACD showing a bullish divergence and RSI showing a positive deviation, suggesting. 65 is placed to manage risks. The expansion of the margin and long term. and a proposed acquisition of neo semi sg pte. Ltd., which targets a Taiwanese FAB with 25,000-30,000 wafers monthly. This initiative positions the company in AI, IOT, with high performance, and smart energy solutions, diversified in suntress. Certification, and public sector access, this expansion supports its strategy to enter high-tech, high-management domains and drive long-term growth. Higher interest costs and absence of extraordinary profits. In FY2026 and 75% in FY2027, with PAT expanding 201% and 92% respectively. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, not coin. We advise investors to check with certified experts before making investment decisions.