This semiconductor company rallies 10 per cent and hit upper circuit today with heavy volumes after bagging an order worth Rs 568 crore!
The shares of the company have delivered a return of over 135 per cent to its shareholders over the past one year.
Today, this semiconductor company experienced a significant surge in its share price, attracting considerable attention from investors.
Recently, this Hyderabad-based company specializing in Semiconductor, Software, and System design solutions secured a landmark contract worth Rs 568 crore from the Centre for Development of Advanced Computing (CDAC). This contract entails the development of a cutting-edge high-performance computing (HPC) System on a Chip (SoC) utilizing state-of-the-art 5nm technology, heralding a new era of technological advancement.
Moschip Technologies is a semiconductor and system design company focusing on Turnkey ASICs, Mixed Signal IP, semiconductor, and product engineering, as well as IoT solutions. It caters to industries such as aerospace & defence, consumer electronics, automotive, medical, and networking & telecommunications.
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At the start of the day's trading session, the stock opened at Rs 142.20 per share, compared to the previous day's closing figure of Rs 129.30 per share on the NSE. The stock hit the upper circuit price limit of 10 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. Finally, the stock closed the day at Rs 142.20 per share on the BSE. The current market capitalisation of Moschip Technologies stands at Rs 2,681 crore, and the stock has generated multibagger return of around 136 per cent in the past year.
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Financial Performance
According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 75.42 crore and a net profit of Rs 0.87 crore. In FY24, the company reported a revenue of Rs 294 crore and a net profit of Rs 10 crore, compared to a net profit of Rs 6 crore in the previous year.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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