Multibagger Stock: Despite the range-bound trend in the Indian stock market, ASM Technologies share price has been on an upward trend since last one month. In fact, for the 14th consecutive trading session on Friday, midcap IT stocks have touched the upper circuit of 5 per cent.
Shares of ASM Technologies started hitting the upper circuit after the company’s clarification to BSE regarding its stock price rally in December 2021. In its reply to BSE on 10 December 2021, the company had clarified that the increase in the stock of the company was purely market driven and the management was not concerned with the skyrocketing of the share price of ASM Technologies.
In its reply to BSE; ASM Technologies Company Management said, “We would like to inform that the volatility in the share price of the Company is purely market conditions and completely market driven and the Management of the Company shall not be bound by any such movement in the price. Not there. Also please note, there is no information or event, which is material and price sensitive, that the Company is required to disseminate to the investors for their information.”
ASM Technologies Management further said, “We confirm that the Company is disclosing the entire event or any information that affects the operations or performance of the Company including any price sensitive information within the required time frame.” Is. Under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements), 2015.”
ASM Technologies Share Price History
In the past one month, the share price of ASM Technologies has risen by approx. ₹from 263 ₹757.45 at each level, registering a growth of about 185 per cent over the period. Mid-cap IT stock has given stellar returns in the last 6 months as it is trading around 7 per cent. ₹175 to ₹757.45 per share level, registering a growth of about 325 per cent in the period. Similarly, in the past year, the share price of ASM Technologies has increased ₹97.75 to ₹957.45 per share level, appreciating around 675 per cent in 2021. Hence, IT share is one of the multibagger stocks in 2021.
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