India's Moschip Technologies set for worst day in 2 yrs after profit fall

Moschip Technologies

06/05/2024 09:47

** Shares of Moschip Technologies Ltd  MOSC.BO  down 8% at
146.35 rupees, their biggest fall since May 2022
    ** Chip designer's Q4 consolidated profit falls 43% – after
rising for five straight quarters – as higher employee costs
weigh
    ** Over 2.2 mln shares traded, close to 30-day avg volume of
2.5 mln shares
    ** Stock trims YTD gains to 52%


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))