Moschip Technologies shares soared to a 52-week high, climbing 10 percent on Friday to Rs 244.79 on the NSE. The Hyderabad-based semiconductor firm extended its winning streak to six consecutive sessions, delivering a massive 42 percent weekly rally. The surge has been driven by record trading volumes and strong investor optimism tied to India’s semiconductor growth plans.

The stock saw unprecedented activity this week, with over five crore shares traded on Thursday, following 1.7 crore shares each on Tuesday and Wednesday. Friday’s early session had already crossed 1.4 crore shares, far exceeding the 20-day average of 10 lakh shares. With the rally, Moschip’s market capitalization now stands at over Rs 4,500 crore. The stock has gained 6.5 percent in 2025 so far and is up 56 percent in the past six months.

Investor sentiment received a boost after Prime Minister Narendra Modi, at the Semicon India 2025 Summit, announced plans for the India Semiconductor Mission (ISM) 2.0. The government highlighted that ISM’s first phase has already drawn Rs 1.5 lakh crore in investments across 10 projects, positioning India to capture a significant share of the $1 trillion global semiconductor market.

Moschip Technologies, a fabless semiconductor and embedded systems company with five R&D centers across India and the U.S. and a client base of over 100, is seen as a key beneficiary of the government’s renewed focus on semiconductor self-reliance.

As of the June quarter, promoters held a 44.28 percent stake in Moschip, while retail investors owned 37.1 percent. The company currently has no institutional or mutual fund holdings, as per BSE data.

From a technical perspective, Moschip shares are trading above all key simple moving averages, signaling strong bullish momentum. However, the Relative Strength Index at 80.7 indicates overbought conditions, suggesting potential for near-term profit booking.