New Delhi, April 1 -- Shares of MIC Electronics, a small-cap stock with a market capitalization of Rs.758 crore, were locked at the 5% upper circuit limit in Wednesday's session, April 1, reaching Rs.31.46 apiece, providing some relief to shareholders, as the stock had been under selling pressure in recent weeks.

The rebound in shares came after the company informed investors through a regulatory filing that it had received an order worth Rs.2.12 crore from the Sambalpur Division, East Coast Railway Zone of Indian Railways.

"The company has received a Letter of Acceptance from the Sambalpur Division, East Coast Railway Zone of Indian Railways, for provision of (1) CIB at PF no.1 & 2 of BGBR, PF-2,3 of NPD, PF-1,2 of JNRD, PF-1, 2 & 3 of...