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MOSCHIP SEMI Gains 4%; BSE IT Index Down 1.0%
Thu, 8 Aug 11:33

MOSCHIP SEMI Gains 4%; BSE IT Index Down 1.0%Image source: peterschreiber.media/www.istockphoto.com

MOSCHIP SEMI share price has zoomed 4% and is presently trading at Rs 254.8.

Meanwhile, the BSE IT index is at 39,556.0 (down 1.0%).

Among the top gainers in the BSE IT index today are ROUTE MOBILE (up 7.3%) and Oracle Financial Services (up 1.5%).

Infosys (down 2.2%) and LTIMINDTREE (down 1.8%) are among the top losers today.

Over the last one year, MOSCHIP SEMI has moved up from Rs 91.9 to Rs 254.8, registering a gain of Rs 162.8 (up 177.1%).

On the other hand, the BSE IT index has moved up from 31,109.7 to 39,556.0, registering a gain of 27.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 157.2%), INFIBEAM AVENUES (up 125.4%) and Firstsource Solutions (up 96.0%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,161.9 (down 0.4%).

The top losers among the BSE Sensex today are Infosys (down 2.2%) and Asian Paints (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,197.2 (down 0.4%). BPCL and Infosys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,161.9, registering a gain of 13,208.4 points (up 20.0%).

MOSCHIP SEMI Financial Update...

MOSCHIP SEMI net profit grew 24.2% YoY to Rs 40 million for the quarter ended June 2024, compared to a profit of Rs 32 million a year ago. Net sales rose 41.0% to Rs 804 million during the period as against Rs 570 million in April-June 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 452.2.

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