MIC Electronics Share Price Surges Following GST Rate Cut

MIC Electronics, a company that makes LED lights, saw its stock price go up.

This is because the government lowered the tax (GST) on their products from 28% to 18%.

This change helps the company by making its products more competitive and potentially increasing profits.

Also, MIC Electronics got a new contract worth ₹1.73 crore with the railways for LED display and lighting work, boosting their business.

While their revenue increased in Q1 FY26, the net profit saw a slight decrease compared to the same period last year.