IZMO climbs as its arm enters into MoU with IIT Madras for phase II of CPPICS

Mumbai, October 7 (Udaipur Kiran): IZMO is currently trading at Rs. 881.90, up by 17.70 points or 2.05% from its previous closing of Rs. 864.20 on the BSE.

The scrip opened at Rs. 867.35 and has touched a high and low of Rs. 898.95 and Rs. 861.05 respectively. So far 2192 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1178.00 on 17-Jul-2026 and a 52 week low of Rs. 565.10 on 01-Feb-2026.

Last one week high and low of the scrip stood at Rs. 898.95 and Rs. 834.35 respectively. The current market cap of the company is Rs. 1322.76 crore.

The promoters holding in the company stood at 34.79%, while Institutions and Non-Institutions held 3.87% and 61.34% respectively.

IZMO’s semiconductor subsidiary — izmo Microsystems has entered into a Memorandum of Understanding (MoU) with the Indian Institute of Technology Madras (IIT Madras) for Phase II of the Centre for Programmable Photonic Integrated Circuits and Systems (CPPICS).

The Phase II program, titled Silicon Photonics Enabled Cutting-edge Technology Research and Applications (SPECTRA), has been sanctioned by the Ministry of Electronics and Information Technology (MeitY), Government of India, with a total project outlay of Rs 99.94 crore. The five-year program includes a MeitY contribution of Rs 97.54 crore and a Rs 2.40 crore cash and in-kind commitment from izmo Microsystems.

CPPICS Phase II is designed to advance silicon photonics technologies from research towards commercially deployable products, covering photonic integrated circuit design, fabrication, characterization, advanced packaging, testing and system integration.

IZMO is the world leader in interactive marketing solutions. The company offers hi-tech automotive e-retailing solutions in North America, Europe, and Asia.

LIC’s awesome scheme: Double bonus, arrange ₹2.5 million! 47-Year-Old Actress Gets Romantic with Husband at Airport LPG Users Alert: Complete eKYC by August 16