Bengaluru, Oct. 10 -- During Friday's trading session, shares of a company engaged in manufacturing and trading Consumer Electronics durable goods hit a 5 percent upper circuit on the stock exchanges, after Authum Investment & Infrastructure Limited raised its stake to 21.25 percent in the company, with a total investment of Rs. 131.62 crores.

With a market cap of Rs. 727 crores, the shares of MIRC Electronics Limited hit a 5 percent upper circuit at Rs. 25.92 on BSE, as against its previous closing price of Rs. 24.69. The stock has delivered positive returns of around 22 percent in the last one year, but has fallen by over 11 percent in one month.

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According to the latest filings with the stock exchanges, the Finance Co...