MosChip Technologies gains on securing contract worth Rs 509.37 crore from CDAC
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Moschip Technologies is currently trading at Rs. 145.00, up by 2.80 points or 1.97% from its previous closing of Rs. 142.20 on the BSE.
The scrip opened at Rs. 154.00 and has touched a high and low of Rs. 154.00 and Rs. 145.00 respectively. So far 1406684 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 176.46 on 24-Apr-2024 and a 52 week low of Rs. 58.51 on 07-Jun-2023.
Last one week high and low of the scrip stood at Rs. 154.00 and Rs. 128.10 respectively. The current market cap of the company is Rs. 2681.15 crore.
The promoters holding in the company stood at 47.32%, while Institutions and Non-Institutions held 2.80% and 49.87% respectively.
MosChip Technologies has secured contract worth Rs 509.37 crore from the Centre for Development of Advanced Computing (CDAC). This contract involves the development of a high-performance computing (HPC) SoC (System on a Chip) using state-of-the-art 5nm (nanometer) technology, a pivotal step that is expected to open significant domestic and international market opportunities.
The contract includes the design, development and delivery of an HPC SoC based on 5nm technology. This project aims to propel India to the forefront of semiconductor innovation, substantially enhancing the country's prowess in advanced high-performance computing and microelectronics.
MosChip Technologies is a publicly traded semiconductor and system design services company headquartered in Hyderabad, India.
