Mirc Electronics jumps 5% on rights issue plan - The New Indian Express

Mirc Electronics jumps 5% on rights issue plan

Published: 05th December 2013 05:19 PM

Last Updated: 05th December 2013 05:19 PM

Mirc Electronics shares surged on Thursday after the board of directors approved raising funds of upto Rs 330 billion by way of issue of equity shares to the existing shareholders on a rights basis. Shares ofthe companysettled at Rs 5.39, up Rs 0.25, or 4.86% at the Bombay Stock Exchange (BSE) on Thursday.The scrip has touched an intra-day high of Rs 5.39 and low of Rs 5.30. The total volume of shares traded at the BSE is 3,120.In the earlier session, the shares climbed 0.78%, or Rs 0.04, at Rs 5.14. Currently, the stock is trading down 56.88% from its 52-week high of Rs 12.50 and above 26.82% over the 52-week low of Rs 4.25.

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