Mukul Agrawal-Backed Semiconductor Stock Hits Back-to-Back Upper Circuit for 2 Days; Stock Gains Over 180 Per cent in Just 6 Months!
The company’s shares have delivered an impressive return of over 180 per cent in just 6 months only.
ASM Technologies specializes in providing consulting and product development services in the fields of engineering services and product R&D. The company offers a range of services including prototyping, testing, and pilot production, value engineering, hardware and software design for embedded systems, development of networking, wireless, and cloud security products, as well as product lifecycle management and sustenance services, along with test automation, among others. It caters to industries such as semiconductors, hi-tech, medical equipment, automotive, aerospace, enterprise storage and networking, and consumer electronics, among others.
At the start of the day's trading session, the stock opened at Rs 1329.90 per share, compared to the previous day's closing figure of Rs 1266.60 per share on the BSE. Currently, the shares of ASM Technologies are at Rs 1329.90 per share on the BSE. The stock has reached the upper circuit price limit of 5 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The company's current market capitalization stands at Rs 1459.20 crore, and the stock has generated an impressive return of over 150 per cent in the past 1 year.
As per the Quarterly Results, in the fourth quarter of FY24, ASM Technologies recorded a revenue of Rs 44.59 crore. The operating loss for Q4 FY24 stood at Rs 0.94 crore. The net loss for Q4 FY24 was Rs 3.39 crore. Looking at the annual performance, the company generated a revenue of Rs 202 crore in FY24, compared to Rs 220 crore in FY23. The operating profit for FY24 was Rs 6 crore, with a net loss of Rs 7 crore.
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Regarding the shareholding pattern, the promoters own 57.35 per cent of the company and the public or retail investors hold 42.41 per cent. Mukul Agrawal purchased a 6.48 per cent stake in the company as per the July Month Update.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.