Overview

• The shares gained more than 34% across six sessions through Friday, reaching a fresh high of Rs 244.79 in early trade.
• Volume was about 16 times the 30‑day average and the relative strength index hovered near 84, indicating overbought conditions.
• Prime Minister Narendra Modi used Semicon 2025 to project a bigger semiconductor role for India and to emphasize ecosystem building.
• MeitY announced a $1 billion tech alliance and reported 12 MOUs aimed at indigenous design, product development, miniature packaging and talent.
• The ministry said India Semiconductor Mission 2.0 is being framed, while the GST Council approved a two‑slab structure that market reports say could boost demand.