Zensar Tech Midcap, small-cap stks outperform Sensex; Moschip Semiconductor zooms 10%

Outperforming the benchmarks, the mid and small-cap stocks were trading flat in the late morning deals on Tuesday. At 10:50 am, the S&P BSE SmallCap was trading just 17 points lower at 13,828.50 against around 1 per cent decline (nearly 300 points) in the S&P BSE Sensex. Moschip Semiconductor Technology in the S&P BSE SmallCap index jumped over 10 per cent to Rs 26 a piece on BSE after the company said the board has decided to conduct the postal ballot for seeking approval of shareholders for the appointment of Venkata Sudhakar Simhadri as the managingd director of the company and the approval of “MosChip Stock Option Plan for 2018".

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