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Shares in Mukta Arts rallied 20 per cent on reports that Foxconn Technology may pick up a stake either in the company or one of its arms.
Foxconn tied up with Mukta Arts' subsidiary WhistlingWoods International (WWI) over the weekend for co-creation of content that can be used across media platforms.
"The world's largest contract manufacturer of electronic gadgets Foxconn Technology may pick up a stake either in listed Mukta Arts or one of its arms, as the Taiwanese firm seeks to branch out beyond its established forte of hardware products," PTI reported.
Mukta Arts was quoted at the upper end of the circuit filter with only buyers in the counter.
Meanwhile, the Sensex was trading higher by 118 points with the Nifty crossed the 8600 mark on sustained buying.
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