Stock Watch - MIC Electronics

MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988. It has marked presence in the highly dynamic domains of:
LED Video, Graphics and Text Displays
LED Lighting Solutions.Embedded, System and Telecom software
Communication and Electronic Products

Today, MIC's flagship products are LED Video Displays (indoor / outdoor / mobile), that have become an integral part of Sports Stadiums, Transportation Hubs, Digital Theatres and Theme Parks, Advertisements and Public Information Displays.

A healthy Rs.200cr order is in the pipeline,that includes coach lighting, emergency lighting, LED indicators in long-distance trains, etc.Expect MIC to grow at a CAGR of over 35% over the next 2 years. LED segment, currently accounting for nearly 69% of the revenues would be the key growth driver.

At the current market price of Rs 35, the scrip is quoting at 4.20x FY09e earnings of Rs.8.33 per share and 3.08x FY10e earnings of Rs.11.39 per share.

MIC Electronics had an IPO in May-2007. Since then the stock has dropped below its issue price. Investors with Risk appetite for Small Caps can BUY the stock which can give good returns from current levels.

NSE Trading Holidays 2024

Trading holidays for the calendar year 2024. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar year 2024 as below: Muhurat Trading: Timings of Muhurat Trading shall be notified subsequently.

Historical BSE Sensex returns - updated 2013

We have already seen the historical returns of the BSE Sensex, which indicated an average return of about 20% per year, despite many yearly returns varying from -20% to +60%. The following table shows BSE Sensex historical data - open, close and the yearly returns of the sensex from 2000 to 2012. There are some interesting points to note from the above table. Post 2008 crash of about 50% and 2011 negative returns of 24%, markets have given positive returns of 81% and 25%. Also the average returns for the past years is about 20% despite the markets being down 24%. The lesson is pretty much clear - long term investing pays and one need not bother too much about the ups and downs of the markets. During the past few years, the returns from investing in individual stocks have been varied. Despite markets being at 2 year highs, only a few stocks are at similar highs, while most of them are still languishing well below their historical highs and are down anywhere between 8

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