MosChip Technologies shares remained in focus during afternoon trading on March 12 after a report indicated that India is planning a new USD 11 billion fund to support domestic semiconductor manufacturing, according to Bloomberg.
As of 2:00 PM IST, shares of MosChip were trading 4.43% higher at Rs 177.44.
The stock recorded an intraday low of ₹165.17 and an intraday high of ₹180.63. It opened the session at ₹167.90, compared with the previous close of ₹169.91. Trading activity remained elevated, with live volume at 21,07,887 shares by the afternoon.
Over a broader period, the stock has shown significant volatility. MosChip has a 52-week low of ₹129.98 and a 52-week high of ₹288.45.
The reported USD 11 billion semiconductor fund is expected to support local chip manufacturing and related ecosystem development in India.
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