MIC Electronics shares rose 3% on February 13, defying broader market weakness as the BSE Sensex tumbled 883.4 points (1.05%) to 82,791.52 and NSE Nifty dropped 262.60 points (1.02%) to 25,544.60. The stock opened marginally lower at ₹41.50 but reversed losses to reach an intraday high of ₹42.90, trading 1.7% higher at ₹42.38 around 1:30 PM. According to ET Now, more than 6 lakh shares changed hands during the session, with the stock trading above its 5-day, 20-day, and 50-day moving averages but below 100-day and 200-day moving averages from a technical perspective.
MIC Electronics has entered into a Memorandum of Understanding with Refit Global to explore a potential strategic transaction, as confirmed in the latest stock exchange filing. The collaboration aims to combine MIC Electronics' decades of large-scale manufacturing excellence, global technology delivery capabilities, deep institutional relationships, and financial strength with Refit Global's advanced refurbishment platforms, certified supply chains, and strong B2C market penetration. The company stated that this combination is expected to create a comprehensive solution for the refurbished electronics market.
The potential strategic transaction may include investment (equity/debt/hybrid), acquisition of shares/assets/business, share swap, preferential issue, or other mutually agreed arrangements, as reported in the latest filing. The partnership is positioned to create a next-generation circular electronics platform designed to drive sustainable growth, accelerate digital inclusion, and unlock unprecedented value across the refurbished electronics value chain.
Earlier this week, MIC Electronics received a Letter of Acceptance from Howrah Division, Eastern Railway Zone of Indian Railways for the installation of coach and train indication boards across various railway stations. The contract is valued at ₹4.45 crore and covers CIB and TIB installation at PRGR, SKIP, BZLE, SALE, MGAE, SDI, MRR, and RJG stations over Howrah division. The company has also secured additional orders including a ₹114 crore contract from Govt. of Chhattisgarh for infrastructure works and a ₹1.45 crore order from Northern Railway Zone for coach guidance systems.
MIC Electronics reported consolidated net profit of ₹2.17 crore in Q2 FY26, representing a 1.9% increase from ₹2.13 crore in Q2 FY25, while revenue from operations jumped 38% YoY to ₹37.89 crore. The company has a market capitalization of ₹979.71 crore as of February 20, 2026, with shares trading in a 52-week range of ₹33.31 to ₹82.97. Despite recent market challenges, MIC Electronics has delivered impressive long-term returns, skyrocketing 4,900% in five years and 233% in three years, though the stock has underperformed in the short term, declining 35% in the last year while the BSE Sensex climbed 8.8% in the same period.
