RIR Share Price | This power stock is witnessing tremendous growth, giving consistent profits, don't miss the opportunity – Hindi News
RIR Share Price | Shares of RIR Power Electronics Limited have been on a rise for the last few days. On Thursday also, the company's shares touched an upper circuit of 5 percent. During trading, the company's shares reached a high of Rs 3,822.60. This is a new high of 52 weeks. On Friday, the company's shares rose by Rs 191 to reach Rs 4,013. (Part of RIR Power Electronics Limited Company)
In the last 11 trading days, shares of RIR Power Electronics Limited have been experiencing continuous upward circuits. Foreign investors are also interested in these semiconductor stocks. Foreign investors have increased their stake in these stocks from 0.01 per cent to 5.45 per cent. On Monday (September 23, 2024), the stock was trading 5.00% higher at Rs 4,214. The Modi government is continuously focusing on the semiconductor industry. Prime Minister Narendra Modi is focusing on promoting investment in domestic production of semiconductors and for this he recently inaugurated 'Semicon-2024' held in Greater Noida bordering Delhi. Speaking at the event, he said that more than Rs 1.5 lakh crore has been invested in semiconductor manufacturing and many projects are currently in the approval and proposal stage. India has planned a Rs 76,000 crore programme to attract chip manufacturers and their suppliers to meet existing requirements and reduce import dependence on countries such as Taiwan. RIR Power Electronics Limited is a small cap company. The company is active in the design and manufacturing of advanced power electronics solutions with a focus on innovation and energy efficiency. The company offers a wide range of products for the industrial, commercial and residential sectors, including semiconductor devices, power converters, inverters and energy management systems. The company recently announced the inauguration of its new silicon carbide-based semiconductor manufacturing facility in Odisha. This new facility represents a significant advancement in the company's silicon carbide-based technology capabilities.
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