New Delhi, Oct. 27 -- MIC Electronics share price rallied as much as 5.68 per cent to Rs.58.07 apiece in Monday's trading session after the company signed MoU with Chipex Technologies and received order from South East Central Railway and Northern Railway.

The small-cap stock has remained volatile amid weak market sentiments in the near term. MIC Electronics shares have gained 4.49 per cent in five sessions, however, has remained flat in six months by falling nearly 0.10 per cent.

Meanwhile, the small-cap stock has more than doubled shareholders wealth by surging over 380 per cent in five years.

MIC Electronics announced on Monday that it has entered a Memorandum of Understanding (MoU) with Chipex Technologies to establish a collaborat...