Bengaluru, Oct. 1 -- The shares of a Micro-Cap company, specializing in designing, manufacturing, and supplying electrical infrastructure solutions, jumped upto 5 percent upon receiving two Letters of Award (LOAs) totaling Rs. 100 crores from Suncity Urja Private Limited.

With a market capitalization of Rs. 761.67 crores on Wednesday, the shares of RMC Switchgears Ltd rose by upto 5.06 percent, making a high of Rs. 734.80 per share compared to its previous closing price of Rs. 699.40 per share.

What Happened

RMC Switchgears Ltd, engaged in designing, manufacturing, and supplying electrical infrastructure solutions, has received two Letters of Award (LOAs) from Suncity Urja Private Limited, totaling approximately Rs. 100.19 crore.

The ...