Shares under Rs 60 in focus as company makes investment in Dubai, check details here

Shares of Hyderabad-headquartered MIC Electronics Limited (MICEL) on Friday, October 24, 2025 informed exchanges that the management committee of the board has took note of investment of Rs 53.8 crore made by SOA Electronics Trading LLC (SOA) in Cellular Galaxy Electronics LLC, Dubai. The company also said that competent authority at Dubai has issued requisite documents and approvals for the said investment made by SOA. The development comes close on the heels of the company getting an official approval from the Research Designs and Standards Organisation (RDSO), under the Ministry of Railways, Government of India, for its Microprocessor Controller for Roof-Mounted AC Package Units used in LHB and Double-Decker Coaches.

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