New Delhi, Sept. 10 -- Shares of MosChip Technologies bounced back over 3 percent on Wednesday to close at Rs.243.85, a day after they tumbled 10 percent in Tuesday's trade. The sharp fall came on the heels of a blistering seven-session rally that had lifted the counter nearly 60 percent to an all-time high of Rs.268.75.

Even after the recent correction, MosChip has delivered an impressive 45 percent gain, reflecting continued investor enthusiasm.

The rally in MosChip has been driven by optimism surrounding India's semiconductor ambitions. At the Semicon India 2025 Summit, Prime Minister Narendra Modi said the country is poised to capture a significant share of the USD 1 trillion global semiconductor market.

Modi highlighted a combinat...