MIC Electronics Ltd. a small-cap company that manufactures railway signalling systems and high-tech LED display products today announced significant information to investors. Following this news the stock is seeing a surge. The company with a market cap of Rs 1056.35 crore was trading 2.57% or Rs 1.10 higher at Rs 43.83 on the BSE at 2:07 pm. The company in its latest exchange filing today informed that in continuation of the earlier announcement made on December 23 2024 regarding receipt of CCA (Capacity cum Capability Assessment) approval for GPS location based Public Address and Passenger Information System (PAPIS) the company wishes to inform that it has received the first order post this product approval. The company received this order from the Railway Coach Factory Kapurthala (New Delhi). This order marks a new beginning for the company in this category and raises hopes for further railway-related opportunities in the future. Hyderabad-based LED display and electronic components maker MIC Electronics Ltd reported mixed results for Q3 FY26. Net sales rose 80% year-on-year to ₹90.23 crore from ₹50 crore a year ago. However net profit fell 13.36% quarterly to ₹1.88 crore. Despite strong revenue growth the companys profitability is clearly under pressure. Operating margins declined to 4.40% in Q2 FY26 from 10.06% while PAT margins also fell to 2.08% from 5.73%. The stock has declined nearly 45% in the past year while the Sensex has gained during the same period. This has raised investors concerns about whether the companys strong sales growth will translate into sustainable profits in the long run. The 30-share BSE Sensex jumped 3656.74 points to 85323.20 in opening trade. The 50-share NSE Nifty surged 1219.65 points to 26308.05. Later both the benchmark indices further extended their winning momentum. The BSE benchmark zoomed 4205.27 points or 5.14 per cent to 85871.73. The Nifty jumped 1252.8 points or 4.99 per cent to 26341.20.