Shares of Moschip Technologies Ltd fell 8.5% to ₹240.88 on Tuesday, snapping a seven-session winning streak that saw the stock surge over 62%. The decline comes a day after the stock hit a fresh high of ₹268.80, extending its rally on optimism around India’s Semiconductor Mission 2.0.
Exchange action
Both BSE and NSE have placed Moschip under the short-term Additional Surveillance Measure (ASM) framework, which aims to caution investors against heightened volatility.
Company clarification
In an exchange filing, Moschip said it maintains strong internal controls and governance mechanisms to prevent any unauthorised dissemination of information. It further clarified that it is not in possession of any unpublished price-sensitive information (UPSI) that could explain the recent surge.
“The movement in our share price appears to be entirely market-driven and is a result of broader market dynamics, which remain outside the company’s control,” Moschip stated.
Stock snapshot
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Current Price: ₹240.88 (down 8.57%)
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Previous Close: ₹263.45
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Day Range: ₹237.55 – ₹267.40
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52-Week Range: ₹129.98 – ₹268.75
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Market Cap: ₹46,230 crore
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P/E Ratio: 118.07
The sudden fall highlights the volatility in semiconductor-linked stocks, which have been in focus amid government push for domestic chip manufacturing.
