ASM Technologies stock gains on preferential issue approval

Published on 09/09/2026 at 13:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ASM Technologies stock jumped after the board approved a Rs 525.99 crore preferential issue on September 9, 2026. The shares hit an all-time high of Rs 6,990, more than 230% above their 52-week low of Rs 2,099.90.

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ASM Technologies stock (ISIN NL0000334118) drew strong investor attention as the company approved a sizable preferential share issue worth Rs 525.99 crore on September 9, 2026, sending the price to a fresh all-time high of Rs 6,990 intraday. According to Business Standard on September 9, 2026, the board signed off on issuing 10,78,974 new shares at Rs 4,875 per share, including a premium of Rs 4,865, underscoring management’s confidence in future growth.

Preferential issue drives valuation re-rating

As Trade Brains reported on September 9, 2026, ASM Technologies plans to raise up to Rs 526 crore through the preferential issue of 10.79 lakh equity shares at Rs 4,875 per share, subject to shareholder approval, targeting strategic investors and strengthening its balance sheet for expansion.

The same report notes that the issue price of Rs 4,875 per share sits well below the intraday high of Rs 6,990 on September 9, 2026, implying a discount of roughly 30 percent to the market peak that day and offering room for institutional investors to participate while existing shareholders absorb dilution.

Stock at record high and far above 52-week low

According to MarketsMojo on September 9, 2026, ASM Technologies shares surged to Rs 6,990, marking a new 52-week and all-time high and representing more than a 230 percent increase from the 52-week low of Rs 2,099.90, an aggressive rerating that underscores how quickly sentiment around the semiconductor and software solutions provider has shifted.

In the same analysis, MarketsMojo highlights that ASM Technologies delivered a 4.49 percent gain on September 9, 2026, even as the broader IT - Software sector declined by 2.33 percent, underlining the stock’s idiosyncratic strength relative to sector peers on the day of the preferential issue announcement.

Valuation metrics reflect stretched expectations

A separate overview from MarketsMojo on September 9, 2026, shows that at the record high of Rs 6,990, ASM Technologies traded at a trailing price-earnings ratio of 127 times, a price-to-book ratio of 30.14 times and an enterprise-value-to-EBITDA multiple of 76.40 times, signalling that the market is pricing in very rapid growth.

That same snapshot indicates a dividend yield of 0.37 percent and a five-year sales growth rate of 31.85 percent, suggesting that while revenue has grown at a robust double-digit pace in recent years, the current valuation multiple stands far above the pace of historical expansion, which is a key risk factor for investors.

Investor participation and trading dynamics

As Economic Times highlighted on September 9, 2026, ASM Technologies shares rallied as much as 10 percent intraday to hit Rs 6,990 after the preferential issue was approved, before easing to trade around Rs 6,640 later in the session, demonstrating both strong initial buying interest and some profit-taking at elevated levels.

The Economic Times live coverage points out that entities linked to Avenue Supermarts promoter Radhakishan Damani and investor Mukul Agrawal are among the investors slated to receive shares in the preferential issue, which is likely to be interpreted as a vote of confidence by well-known market participants and may support sentiment despite the high valuation.

Stock price and investor takeaway

Per intraday data cited by Economic Times on September 9, 2026, ASM Technologies stock traded around Rs 6,640 later in the session, down from the Rs 6,990 intraday peak but still roughly 216 percent above the 52-week low of Rs 2,099.90, leaving the shares near the top of their trading range and signalling that expectations for future growth remain elevated.