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Reading: IT inventory hits 5% higher circuit after buying 60% stake in semiconductor firm
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StockWaves > Financial News > IT inventory hits 5% higher circuit after buying 60% stake in semiconductor firm
Financial News

IT inventory hits 5% higher circuit after buying 60% stake in semiconductor firm

StockWaves By StockWaves Last updated: December 27, 2024 5 Min Read
IT inventory hits 5% higher circuit after buying 60% stake in semiconductor firm
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Contents
Share Value Motion What occurred H2 Monetary HighlightsMarket Outlook Shareholding SampleAbout FirmDisclaimerBegin Your Inventory Market Journey At this time!

In a strategic transfer throughout the semiconductor trade, a number one know-how company is about to accumulate a majority stake in a outstanding US-Indian semiconductor design agency.

This acquisition, anticipated to conclude inside three months, demonstrates the rising momentum in India’s technological panorama and marks a major step towards strengthening the nation’s semiconductor capabilities below its nationwide manufacturing initiative.

Share Value Motion 

The share worth of Trident Techlabs Restricted hit the higher circuit of 5 p.c to Rs. 1,300.45 per share on Thursday, a rise from its earlier shut of Rs. 1,238.55 per share. The market capitalisation now stands at roughly Rs. 2,247 crore as of December 26, 2024.

What occurred 

By its subsidiary Techlabs Semiconductor Personal Restricted, it signed a letter of intent to accumulate a 60% stake in Sivaltech Group, a USA- and India-based supplier of semiconductor design and engineering providers. The acquisition, aimed toward fostering innovation, aligns with India’s “Make in India” imaginative and prescient, with completion anticipated inside 90 days.

H2 Monetary Highlights

In keeping with its latest submitting, within the half yr ending September 2024, Trident Techlabs’s consolidated income from operations has elevated by 162.5 p.c YOY from Rs. 8 crore in H2 FY24 to Rs. 21 crore in H2 FY25. The corporate’s consolidated internet loss has turned from a lack of Rs. 3 crore in H2 FY24 to Rs. 3 crore in H2 FY25. 

Market Outlook 

The worldwide know-how options trade is experiencing fast evolution, pushed by innovation and effectivity calls for throughout aerospace, defence, automotive, telecom, medical, semiconductor, and energy distribution sectors. Aerospace and defence are modernising methods, whereas the automotive trade embraces electrical and autonomous applied sciences.

5G deployment fuels telecom progress, and semiconductors are in unprecedented demand. Medical developments and good grids are reshaping healthcare and energy methods, respectively. Alternatives abound in renewable power, automation, and digital transformation, guaranteeing a constructive progress trajectory for the trade.

Additionally learn….

Shareholding Sample

As of the September 2024 shareholding sample, Trident Techlabs Restricted is primarily held by the promoters at 67.97 p.c, overseas institutional traders maintain 0.16 p.c, and the general public with 26.27 p.c. 

IT inventory hits 5% higher circuit after buying 60% stake in semiconductor firm

About Firm

Trident Techlabs Restricted, headquartered in New Delhi, India, has been a trusted know-how options supplier since 2000. The corporate specialises in delivering cutting-edge engineering and energy system options throughout industries corresponding to aerospace, defence, automotive, telecommunications, and energy distribution. With a devoted crew of over 150 professionals, Trident Techlabs continues to drive innovation, making it a dependable accomplice for companies navigating technological challenges.  

The corporate operates by way of two key verticals: engineering and energy system options. Its engineering phase gives consulting, digital design, automation, and information analytics instruments, enhancing operational effectivity. Concurrently, the ability options division focuses on modernising ageing transmission infrastructure and integrating renewable power. Tailor-made merchandise, together with customized electronics and industrial automation methods, underline their dedication to addressing various consumer wants successfully.  

Led by skilled administrators Sukesh Chandra Nathani and Praveen Kapoor, Trident Techlabs maintains robust consumer relationships and delivers impactful options. As a market chief with a Rs. 2,247 crore valuation, the corporate stays dedicated to innovation and excellence.

Written By Fazal Ul Vahab C H

Disclaimer

The views and funding suggestions expressed by funding specialists/broking homes/ranking companies on tradebrains.in are their very own, and never that of the web site or its administration. Investing in equities poses a threat of monetary losses. Buyers should due to this fact train due warning whereas investing or buying and selling in shares. Dailyraven Applied sciences or the creator should not chargeable for any losses induced on account of the choice based mostly on this text. Please seek the advice of your funding advisor earlier than investing.


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