RIR Power Electronics Ltd:Shares of RIR Power Electronics Limited are constantly in focus. The company's stock also hit an upper circuit of 5% on Thursday. The company's shares reached an intraday high of Rs 3822.60 today. This is also its new 52-week high. Let us tell you that this stock has been continuously hitting an upper circuit in the last 11 business days. Foreign investors are also fond of the semiconductor stock and FIIs have increased their stake in this stock from 0.01 percent to 5.45 percent.

Reasons for rise in shares

Let us tell you that the Modi government is constantly focusing on the semiconductor industry. Prime Minister Narendra Modi is emphasizing on promoting investment in domestic manufacturing of semiconductors and for this, he has also recently inaugurated 'Semicon-2024' organized in Greater Noida adjoining Delhi. In this program, he has said that more than Rs 1.5 lakh crore has already been invested in semiconductor manufacturing and many projects are still at the approval and proposal stage. India has created a program of Rs 76,000 crore to attract chip manufacturers and their suppliers and meet existing needs and reduce import dependence on countries like Taiwan.

company business

RIR Power Electronics Limited is a small-cap company. RIR Power Electronics Limited is engaged 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 including semiconductor devices, power converters, inverters and energy management systems for the industrial, commercial and residential sectors. 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.