New Delhi, Oct. 20 -- Shares of MIC Electronics, which made significant strides last month, came under investors' radar in Monday's trade, surging 5% to Rs.56.50 apiece and snapping a two-day losing streak, following the company's approval of a fresh registration from the Research Designs and Standards Organization (RDSO).

In a regulatory filing today, the company said it had received a prototype testing result for request ID: 25111, dated July 31, 2024, for item ID: 3100369 from the RDSO, Ministry of Railways.

"The approval has been granted for the microprocessor controller for roof-mounted AC package units for LHB coaches and double-decker coaches," the company added.

After recording a sharp rally in the first half of September, with...