MIRC Elec jumps 20% on Jhunjhunwala meet

NEW DELHI: Shares of MIRC Electronics shot up as much as 20 per cent on Tuesday after it met investors, including Rakesh Jhunjhunwala's Rare Enterprises.

In a BSE filing on Tuesday, the company put out the details of the meeting scheduled with analysts and fund managers, which had names of Rare Enterprises, Emkay Global, Florintree Advisors, Akashganga Investments, AUM Advisors, DSP Mutual Fund and Quant Money Managers.

The outcome of the meeting is still awaited.


Shares of the company traded 19.96 per cent up at Rs 27.65 apiece around 3:25 pm. The benchmark Sensex was 0.22 per cent up at 36,348 around that point.