Mukul Agrawal’s stake in this semiconductor stock is now worth over ₹100 crore

livemint.com:

this is the ultimate report you’ll need. The reason why I started this editorial with penny stocks is because the semiconductor stock that ace investor Mukul Agrawal is bullish on, used to be a penny stock not so long ago. Back in 2020, when we first wrote about semiconductor stocks and how the theme is expected to pick up in the coming years, this semiconductor stock was trading at around ₹50-60 per share.

In a year, it shot up by over 600% to ₹500 levels. Right now, the stock trades at around ₹1,466, an all-time high. So, without further ado, the stock in question is ASM Technologies.

ASM Technologies is engaged in the business of providing consulting and product development services in the areas of engineering services and product research and development. The company has a 50-50 joint venture (JV) with HHV group, which is slated to become one of India's state-of-the-art semiconductor-focussed equipment manufacturing facilities. The facility will be capable of designing and manufacturing semiconductor tools, sub-systems, system components, and providing field support.

The management considers the facility a key growth vertical. Further, in November last year, the company acquired the UK-based Semcon Engineering UK Ltd to strengthen its international footprint. Apart from semiconductors, ASM also caters to hi-tech medical equipment, automotive, aerospace, enterprising storage, and networking consumer electronics, among others.

That apart, the company makes strategic minority investments in early-stage tech companies in India and abroad through its arm ASM Ventures. It has also forayed into areas of virtual reality (VR), internet of things (IoT), and open edX platform management. Mukul Agrawal, a prominent investor in