Stock Analysis: MIC Electronics

70
Introduction:
MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988.

Fundamentals:
Market Cap: ₹ 1,758 Cr.;
Stock P/E: 31.2 (Ind. P/E: 97.3) 👍;
ROCE: 12.3% 👍;
ROE: 60.3% 👍;
3 Years Sales Growth: 269% 👍;
3 Years Profit Growth: 130% 👍;
3 Years Stock Price CAGR: 55% 👍
Cons: Company has high debtors of 169 days.

Technicals:
MIC Electronics is trading near the strong support zone of 70 levels.
36% down from all time high price of 115.
Resistance levels: 96, 115
Support levels: 69, 54, 48

Note: As per technical analysis, downside risk is minimum, and upside potential is huge.

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