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MOSCHIP SEMI Gains 5%; BSE IT Index Down 0.0%
Mon, 22 Jul 15:36

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

MOSCHIP SEMI share price has zoomed 5% and is presently trading at Rs 278.2.

Meanwhile, the BSE IT index is at 40,615.8 .

Among the top gainers in the BSE IT index today are PERSISTENT SYSTEMS (up 3.7%) and CYIENT (up 2.6%).

Wipro (down 9.2%) and INTELLECT DESIGN (down 4.3%) are among the top losers today.

Over the last one year, MOSCHIP SEMI has moved up from Rs 98.8 to Rs 278.2, registering a gain of Rs 179.4 (up 181.7%).

On the other hand, the BSE IT index has moved up from 31,739.1 to 40,615.8, registering a gain of 28.0% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 176.2%), PERSISTENT SYSTEMS (up 90.9%) and INFIBEAM AVENUES (up 86.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,542.5 (down 0.1%).

The top losers among the BSE Sensex today are Reliance Ind. (down 3.4%) and Kotak Bank (down 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,515.9 (down 0.1%). Wipro and Reliance Ind. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,795.1 to 80,542.5, registering a gain of 13,747.4 points (up 20.6%).

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 532.5.


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