New Delhi, Sept. 14 -- Smallcap stock MIC Electronics has jumped nearly 54 per cent in last one month after the recent GST cuts by the government. However, the scrip has descended over 8 per cent in last five trading sessions.

The smallcap stock rallied after the GST Council's decision to reduce Goods & Services Tax (GST) on air conditioners and televisions from 28 per cent to 18 per cent.

The company is likely to gain from the reduction in GST rates on electronics, which could lower prices and drive higher sales and profits.

In addition to the GST-led boost, it has also secured a Rs.1.73 crore contract from South Central Railway and Northern Railway for railway-related projects.

MIC Electronics share price has given multibagger retur...