/ Ways2Capital : Moschip Semiconductor Rallies 5% On Winning Of $1 Million Order ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 20 February 2017

The shares of Moschip Semiconductor Technology Ltd. rallied 5%, as the company bagged an order worth USD 1 million. The company’s US subsidiary has entered into an agreement with one of its partners in US, to produce and support silicon solution for its digital cinema product. Also, the company in Andhra Pradesh has signed a binding MoU on sub-contracting basis, for establishing and maintenance of smart canter with a centralised command and monitoring system.

The contract is expected to be implemented in the next 24 months, and the total value of the sub-contract is Rs 83 crore. Moschip Semiconductor Technology Ltd is currently trading at Rs 53.7, up by Rs 2.55 or 4.99% from its previous closing of Rs 51.15 on the BSE.

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