MIC Electronics to consider preferential issue on Jan 11, 2010

MIC Electronics Ltd has announced that a meeting of the Board of Directors of the Company will be held on January 11, 2010, to consider and issue of Preferential Convertible Warrants.

The stock was trading at Rs.53.95, up by Rs.7.45 or 16.02%. The stock hit an intraday high of Rs.55.40 and low of Rs.47.20.

The total traded quantity was 4714414 compared to 2 week average of 468613.

Source : Equity Bulls

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