Archive · 7 Aug 2025
RIR Power Electronics Stock Jumps After Odisha Support Approval
Imagine a company called RIR Power Electronics that makes important parts for things like electric cars.
The company's stock went up even though the rest of the stock market was down.
This happened because the government in Odisha, a state in India, is giving the company money to build a new factory.
This factory will make special parts called semiconductors.
These semiconductors will be used in electric vehicles, renewable energy, and power systems.
The total cost of the project is a large amount, and the company has already received some government support.
The stock has performed well in the past few years.
RIR Power Electronics shares increased over 4% despite market downturn.
Odisha government approved fiscal support for the company's semiconductor plant.
The plant will manufacture high-power SiC MOSFETs, IGBTs, and diodes.
The total project cost for Phase 1 and 2 is ₹618 crore.
The stock has shown substantial returns over the long term.
- Who
- RIR Power Electronics
- What
- RIR Power Electronics shares increased following fiscal support approval.
- When
- The stock rose on Thursday.
- Where
- Bhubaneswar, Odisha.
- Why
- Due to the government's approval of fiscal support for their semiconductor plant.
Market Performance
Company Performance
Short-Term vs Long-Term
Market Performance
RIR Power Electronics has declined 19% over the past month and is down 14% in the last six months. On a year-to-date (YTD) basis, the small-cap stock has fallen 26%
Company Performance
The stock has shown signs of a short-term rebound, gaining 18% in the past three months. The stock has surged 260% in two years and delivered a staggering 8,185% return in the last five years, making it a notable multibagger in the broader market.
- Company
- RIR Power Electronics
- Stock Increase
- Over 4%
- Reason for Increase
- Fiscal support approval
- Project Cost
- ₹618 crore
- Facility Output
- SiC MOSFETs, IGBTs, and diodes
- Past Performance
- 8,185% return in five years