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MOSCHIP SEMI Gains 20%; BSE IT Index Up 0.2%
Thu, 20 Jun 17:4

MOSCHIP SEMI share price has zoomed 20% and is presently trading at Rs 298.4.

Meanwhile, the BSE IT index is at 35,905.7 (up 0.2%).

Among the top gainers in the BSE IT index today are Sonata Software (up 7.5%) and KPIT TECHNOLOGIES (up 2.3%).

Mastek (down 1.8%) and INTELLECT DESIGN (down 1.8%) are among the top losers today.

Over the last one year, MOSCHIP SEMI has moved up from Rs 81.8 to Rs 298.4, registering a gain of Rs 216.6 (up 264.8%).

On the other hand, the BSE IT index has moved up from 29,077.0 to 35,905.7, registering a gain of 23.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 152.2%), Birlasoft (up 104.8%) and INFIBEAM AVENUES (up 99.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 77,478.9 (up 0.2%).

The top gainers among the BSE Sensex today are JSW Steel (up 1.7%) and Tata Steel (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,579.2 (up 0.3%). Hindalco and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,168.3 to 77,478.9, registering a gain of 14,310.6 points (up 22.7%).

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 571.3.


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