Bengaluru, July 15 -- The shares of a leading LED display and telecom solutions company, engaged in manufacturing electronic equipment and developing telecom software, surged over 5% after it secured a Rs 1.28 crore railway order.

With a market capitalization of Rs 1,255 Crores, the share price of MIC Electronics jumped over 5% on Tuesday to hit an intraday high of Rs 53.35 per share from the previous day's closing price of Rs 50.58 per share.

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MIC Electronics received a Letter of Acceptance from the Signal and Telecommunication Branch, Palakkad Division, Southern Railway, for a project under the Amrit Bharat Station Scheme at Kannur station.

The Rs 1.28 crore order includes supply, installation, testing, and commission...