Mumbai, Aug. 22 -- The stock has jumped 43.99% in two consecutive days, fuelled by optimism around a breakthrough innovation announced by its semiconductor arm izmomicro.

On Thursday, izmomicro unveiled a high-density silicon photonics packaging platform, positioning itself as a pioneer in India's semiconductor ecosystem. The platform supports 32-channel fiber input and output with an industry-leading insertion loss of less than 2 dB, addressing one of the toughest challenges in the field. It also integrates 32 DC I/Os, 4 RF I/Os, and high-speed RF performance up to 70 GHz, setting new benchmarks for photonic-electronic system integration.

"Achieving this level of fiber density with ultra-low insertion loss is a defining moment for izmo...