Mirc Electronics extends gain on rights issue plan - The New Indian Express

Mirc Electronics extends gain on rights issue plan

Published: 06th December 2013 03:18 PM

Last Updated: 06th December 2013 03:18 PM

Mirc Electronics, leader in consumer electronics goods, extended gain on Friday after the board of directors approved raising funds of up to Rs 330 billion by way of issue of equity shares to the existing shareholders on a rights basis. Shares of Mirc Electronics are trading at Rs 5.65, up Rs 0.26, or 4.82% at the Bombay Stock Exchange (BSE) on Friday at 2:22 p.m.The scrip has touched an intra-day high of Rs 5.65 and low of Rs 5.21. The total volume of shares traded at the BSE is 7,344.In the earlier session, the shares gained 4.86%, or Rs 0.25, at Rs 5.39.Currently, the stock is trading down 54.8% from its 52-week high of Rs 12.50 and above 32.94% over the 52-week low of Rs 4.25.

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