ASM Technologies shares rose almost 5% after its Q4 results for FY20

ASM Technologies shares rose almost 5% after its Q4 results for FY20

ASM Technologies shares rose almost 5% after its Q4 results for FY20

ASM Technologies: It is one of the Information Technology company in India located in Bangaluru. Whereas, the company provides solutions to engineering and product developments. The company also provides services in the Product life cycle, Internet of things (IoT), IT Infrastructure Capabilities, etc.

Meanwhile, on Wednesday, June 3rd, the shares of the drug company surges almost 5% in the stock market after its Q4 results for the Financial Year 2020 ended on March 31st. The company reported its standalone net profit increased by 342.24% to Rs 4.00 crores in Q4FY20. Whereas, the company also posted its consolidated net profit of Rs 0.90 crores in the same quarter last year. 

On the other side, the total income of the company from operations increased to Rs 24.60 crores in Q4FY20. While the company also posted its revenue of Rs 18.97 crores in the same quarter last fiscal year. The company also reported its Net sales increased by 29.66% to Rs 24.60 crores as against Rs 18.97 crores in the same period last year.

Besides, the company also reported its EBITDA margin increased by 184.44% to Rs 6.40 crores as compared to Rs 2.25 crores in the same quarter last fiscal year. The company’s EPS for Q4FY20 increased to Rs 8.00 as against Rs 1.81 in Q4FY19. The stocks of the company give -22.43% returns from the last 6months. While the company also posted almost -42.01% returns from the last 12 months.

On Wednesday, June 3rd, the shares of ASM Technologies Ltd reported a bullish trend in the stock market. The company gained 3.10 points with a 4.98% increase and reached 65.35 INR. While in BSE, the company gained 3.10 points with a 4.98% increase and reached 65.35 INR.

Stock Market on June 3rd:

On Wednesday, June 3rd, the early trade of both Sensex and Nifty continues its bullish trend in the stock market. The Sensex is trading above 34,100 levels, and Nifty is trading above 10,000 levels in the stock market. The Sensex gained 284.01 points with a 0.84% increase and reached a 34,109.54 level. While Nifty gained 82.45 points with a 0.83% increase and reached 10,061.55 level.

On the other side, the number of coronavirus cases in India reached 2,07,615 as of Wednesday, June 3rd, and deaths reached 5,815.

In the border market, the S&P BSE Smallcap index reported a bullish trend in the stock market on Wednesday. It gained 142.24 points with a 1.24% increase and reached an 11,570.65 level. The S&P BSE Midcap index gained 37.96 points with a 0.31% increase and reached a 12,340.65 level. While Nifty Bank gained 410.50 with a 2.00% increase and reached 20,940.70 level.

Top Gainers on June 3rd: M&M, Kotak Mahindra Bank, Bajaj Finance, SBI, and ICICI Bank are the top gainers in today’s stock market

Top Losers on June 3rd: NTPC, Wipro, Bharti Infratel, Zee Entertainment, and UPL are the top losers in today’s stock market. 

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