New Delhi, Feb. 11 -- MIC Electronics share price rose nearly 1% in Wednesday's trading session, after the company received a Letter of Acceptance (LoA) from Indian Railways. The stock hit the day's peak of Rs.42.32, up 1.2% against its last closing price of Rs.41.82.

In the last five sessions, MIC Electronics' share price has gained 2.67% and about 7% in a month. However, the stock has declined by 11.30% in six months and 40% in a year.

The company earlier today announced that it has received a LoA from the Howrah Division of the Eastern Railway Zone, Indian Railways, for the installation of coach and train indication boards across various railway stations. The contract is valued at Rs.4.45 crore, as per an exchange filing.

"MIC Elect...