Chipmaker stock surges 10% amid stock market rally following positive global cues: Details

Shares of MIC Electronics, which is into LED video displays and LED lighting solutions and has now entered into chip manufacturing, gained 10 per cent amid a rally in the stock market, mirroring a rally in global equity markets, with fresh foreign fund inflows also adding to the optimistic trend. The counter opened in green at Rs 47.33 against the previous close of Rs 47 on the BSE. Amid a spurt in volume by more than 2.00 times, the stock surged 10 per cent to touch the high of Rs 51.70. On the National Stock Exchange (NSE), the counter started the trading session at Rs 47.45 and gained to touch the intraday high of Rs 51.49 and an intraday low of Rs 46.56. Last seen, the counter was trading at Rs 47.50 with a gain of 0.76 per cent. The market cap of the company stood at Rs 1,144.56 crore. 

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