MosChip Tech shares jump 8%, extend winning streak to 7 days. What’s driving the rally?
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Shares of MosChip Technologies surged as much as 8.5% on Monday to hit a fresh 52-week high of Rs 268.75 on the NSE, extending their winning streak to a seventh consecutive session. The stock has gained a stellar 70% over the last one month. Most of the investor interest on Monday stems from record trading volumes following the government’s intention to boost India’s semiconductor industry. Over 1 crore shares of the company changed hands in early trade, significantly higher than the 20-day average of 10 lakh shares. Prime Minister Narendra Modi, speaking at the Semicon India 2025 Summit, last week, said India is poised to capture a significant share of the $1 trillion global semiconductor market. PM Modi highlighted policy support, infrastructure development, and talent skilling as key pillars, while confirming that work is underway on the second phase of the India Semiconductor Mission (ISM 2.0). The Ministry of Electronics and Informat...