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Semiconductor Stocks Mixed as India Hub Push Draws Focus
Several Indian companies linked to semiconductors were in focus.
Their shares mostly fell on September 16.
Bharat Electronics was one of the few companies whose shares rose.
HCL Technologies also saw a small decline.
Tata Elxsi and MosChip Technologies recorded larger drops than several other companies.
The companies had different share prices and market values.
The broader objective mentioned was to help India grow its semiconductor industry.
It also aimed to build global partnerships and strengthen India’s role in making and designing chips.
The stated objective is to accelerate industry growth, strengthen global partnerships, and position India as a semiconductor manufacturing and design hub.
Bharat Electronics gained 1.42% to Rs 386.40, while HCL Technologies fell 0.31% to Rs 1,251.15.
CG Power & Industrial Solutions declined 0.73%, Vedanta fell 0.47%, and Dixon Technologies slipped 0.04%.
Kaynes Technology India decreased 0.09%, while Tata Elxsi dropped 1.94% to Rs 3,368.50.
MosChip Technologies fell 2.23% and MIC Electronics declined 1.38%, as semiconductor shares closed mostly lower on September 16.
- Who
- HCL Technologies, Bharat Electronics, CG Power & Industrial Solutions, Vedanta, Dixon Technologies, Kaynes Technology India, Tata Elxsi, MosChip Technologies, and MIC Electronics.
- What
- Shares of the listed semiconductor-related companies closed mostly lower, with Bharat Electronics recording a gain.
- Where
- The Indian stock market; HCL Technologies’ quoted closing price was reported on the BSE.
- When
- September 16.
- Why
- The stated objective was to accelerate industry growth, strengthen global partnerships, and position India as a global semiconductor manufacturing and design hub.
Key facts
- Market direction
- Semiconductor shares closed mostly lower on September 16.
- Best performer
- Bharat Electronics gained 1.42% to close at Rs 386.40.
- HCL Technologies
- Closed at Rs 1,251.15, down 0.31%; market capitalisation was around Rs 3.40 lakh crore.
- CG Power & Industrial Solutions
- Closed at Rs 851.70, down 0.73%; market capitalisation was nearly Rs 1.34 lakh crore.
- Dixon Technologies
- Closed at Rs 13,190, down 0.04%; market capitalisation was about Rs 80,657 crore.
- Tata Elxsi
- Closed at Rs 3,368.50, down 1.94%; market capitalisation was nearly Rs 20,989 crore.
- Largest decline listed
- MosChip Technologies fell 2.23% to close at Rs 199.30.
Sources
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