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MOSCHIP SEMI Gains 5%; BSE IT Index Down 0.0%
Wed, 11 Sep 14:32

MOSCHIP SEMI Gains 5%; BSE IT Index Down 0.0%Image source: Kameleon007 /www.istockphoto.com

MOSCHIP SEMI share price has zoomed 5% and is presently trading at Rs 248.2.

Meanwhile, the BSE IT index is at 43,213.5 .

Among the top gainers in the BSE IT index today are CYIENT (up 3.3%) and KPIT TECHNOLOGIES (up 1.7%).

INFIBEAM AVENUES (down 5.2%) and ZENSAR TECHNOLOGIES (down 3.4%) are among the top losers today.

Over the last one year, MOSCHIP SEMI has moved up from Rs 93.3 to Rs 248.2, registering a gain of Rs 154.9 (up 166.1%).

On the other hand, the BSE IT index has moved up from 32,896.4 to 43,213.5, registering a gain of 31.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 159.9%), Firstsource Solutions (up 87.5%) and PERSISTENT SYSTEMS (up 79.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,636.6 (down 0.3%).

The top losers among the BSE Sensex today are Tata Motors (down 5.8%) and M&M (down 1.6%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,951.1 (down 0.4%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,636.6, registering a gain of 14,509.6 points (up 21.6%).

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 441.7.


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