IT Midcap stock hit the upper circuit for the 14th consecutive session. do you have

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 the BSE on 10 December 2021, the company had clarified that the rise in the company’s stock was purely market driven and the management was not concerned with the skyrocketing share price of ASM Technologies.

In its reply to BSE; ASM Technologies Company Management said, “We would like to inform, the movement in the company’s share price is solely based on market conditions and completely market driven and the management of the company is not associated with any such movement in price 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 Company’s operations or performance including any price sensitive information within the required time frame.” 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.