Mukul Agrawal buys 6.5% stake in this multibagger smallcap stock during first quarter
ASM Tech's ownership is primarily held by promoters (47.36%), with the remaining 42.64% held by the public. Notably, neither mutual funds nor foreign portfolio investors hold significant stakes in the company.
Star investor Mukul Mahavir Agrawal bought as much as 6.5% stake in engineering consultancy service provider during the June quarter. Agrawal didn't have any holding in the company in the preceding March quarter.According to the latest shareholding pattern available with the exchanges, ASM Tech is majority owned by promoters with 47.36% stake while the public shareholders have about 42.64%. Among the public shareholders, mutual funds and foreign portfolio investors have no significant holding in the company.
ASM Technologies, a smallcap company with a market capitalisation of just over Rs 1,000 crore, is engaged in providing consulting services in the areas of engineering services and product engineering services with offshore development and support centers in India and overseas.
The company’s segments include manufacturing and the technology includes wafer metallization and packaging, digital transformation, electric vehicle, advanced driver assistance system (ADAS), autonomous vehicle, and robotics.
It provides a range of services, which includes automation solutions, compromise assessment, digital engineering, engineering services, driver assistance system, robotics, product life cycle, Internet of Things (IoT), and virtual reality/augmented reality, among others.
The company’s automation solutions include robot-based automation solutions, mechatronics solutions, and image-based solutions. Its digital engineering services include mechanical design, electrical and electronics, embedded and digital services, and product development.
, who often picks penny stocks in his aggressive investment style and waits for them to turn multibaggers, publicly holds 51 stocks with a net worth of over Rs 2,658 crore.
On Friday, the company’s shares closed 1.6% higher at Rs 1,208 on NSE. So far this year, the stock delivered multibagger returns of around 156% in just 6 months.
Source: Stocks-Markets-Economic Times
