Moschip Semiconductor Technology is locked at upper circuit limit at Rs. 53.70, up by 2.55 points or 4.99% from its previous closing of Rs. 51.15 on the BSE.
The scrip opened at Rs. 53.70 and has touched a high and low of Rs. 53.70 and Rs. 53.70 respectively. So far 55,000 shares were traded on the counter.
The BSE group 'XD' stock of face value Rs. 2 has touched a 52 week high of Rs. 68.55 on 11-Jan-2017 and a 52 week low of Rs. 5.48 on 19-Feb-2016.
Last one week high and low of the scrip stood at Rs. 53.70 and Rs. 44.50 respectively. The current market cap of the company is Rs. 613.49 crore.
The promoters holding in the company stood at 65.87%, while Institutions and Non-Institutions held 4.31% and 29.82% respectively.
Moschip Semiconductor Technology has inked a binding Memorandum of Understanding (MoU) for establishment and maintenance of Smart Center with Centralized Command and Monitoring System (CCMS) in the state of Andhra Pradesh on sub-contracting basis.
The total value of the sub-contract is Rs 83 crore to be implemented in 24 months, providing CCMS Solution to selected Gram Panchayats in the state. A centralized smart center will be established in Amaravathi, the new capital city of Andhra Pradesh to manage and monitor the entire process of automation and is designed to adhere to additional IOT services in the future. The engagement also includes seven years maintenance contract.
Moschip Semiconductor Technology is a public listed semiconductor design services company with a unique combination of product development expertise and over a decade of deep knowledge on competencies ranging from ASIC/SoC/FPGA Design, Embedded Software, System Designs catering Defense, Consumer Electronics, Automotive, Medical, Telecommunications, Mobile and IoT industries.