MIC

MIC Electronics is believed to be in an advanced stage of talks with the Indian Railways for a tie-up for supplying screens. While the size of the deal is unclear, a person familiar with the situation said the deal involves setting-up of 500-600 screens in railway stations across the country. MIC makes light emitting diode (LED)-based display screens, used for outdoor advertising and news tickers. Analysts are positive on the company’s prospects, as they believe this segment is still in a nascent growth stage in India. Edelweiss Securities, in an earlier report, said the global LED market is expected to grow at 20% (CAGR) to $8 billion by 2010-2011. MIC shares on Thursday ended marginally higher at Rs 110.20.

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