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MOSCHIP SEMI Gains 12%; BSE IT Index Up 1.1%
Thu, 13 Jun 15:55

MOSCHIP SEMI share price has zoomed 12% and is presently trading at Rs 196.8.

Meanwhile, the BSE IT index is at 35,766.4 (up 1.1%).

Among the top gainers in the BSE IT index today are Oracle Financial Services (up 10.9%) and ZENSAR TECHNOLOGIES (up 2.4%).

TANLA SOLUTIONS (down 1.9%) and ROUTE MOBILE (down 0.9%) are among the top losers today.

Over the last one year, MOSCHIP SEMI has moved up from Rs 69.1 to Rs 196.8, registering a gain of Rs 127.7 (up 184.8%).

On the other hand, the BSE IT index has moved up from 29,076.2 to 35,766.4, registering a gain of 23.0% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 169.9%), INFIBEAM AVENUES (up 109.6%) and Birlasoft (up 102.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 76,810.9 (up 0.3%).

The top gainers among the BSE Sensex today are M&M (up 3.1%) and Titan (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 23,399.4 (up 0.3%). Shriram Transport and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 76,810.9, registering a gain of 14,086.2 points (up 22.5%).

MOSCHIP SEMI Financial Update...

MOSCHIP SEMI net profit fell 43.1% YoY to Rs 9 million for the quarter ended March 2024, compared to a profit of Rs 15 million a year ago. Net sales rose 40.1% to Rs 754 million during the period as against Rs 538 million in January-March 2023.

For the year ended March 2023, MOSCHIP SEMI reported 4.3% decrease in net profit to Rs 62 million compared to net profit of Rs 65 million during FY22. Revenue of the company grew 34.3% to Rs 1,984 million during FY23.

The current Price to earnings ratio of MOSCHIP SEMI, based on rolling 12 month earnings, stands at 375.4.


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