New Delhi. The Indian stock market has faced a lot of ups and downs in the last one month. Both Sensex and Nifty have seen a significant decline during this period. Many factors together have affected the market. In the last one month, foreign institutional investors have withdrawn about Rs 1 lakh crore from the Indian market. The financial results of many companies have not met expectations. The uncertainty of the presidential elections in the US and the decision on interest rates by the Federal Reserve are also affecting the Indian market. The stock market is in a phase of correction. However, the relief is that the market has not gone below its main support level. Stock-specific action is being seen in the market. Even in this period of decline, the shares of Amtron Electronics continue to rise. On Friday also, this stock hit an upper circuit of 5% and the stock closed at Rs 509.15. Amtron shares have been rising continuously for the last few days.
Veteran investor Ashish Kacholia has recently invested heavily in Amtron Electronics and bought 2,25,600 shares. The stock has gained 20% in the last one month after Kacholia's investment. The 52-week high of this stock is Rs 729.95 and the low is Rs 240.10. Amtron Electronics is an electronic system design and manufacturing (ESDM) service provider. The company manufactures high-value engineering products that serve both domestic and international customers. Their services include PCB design and assembly, box build assembly, and battery management systems for electric vehicles.
The company is almost debt-free
The company has reduced its debt. The company has become almost debt-free. The company is getting good returns on equity. The current market cap of the company is Rs 1,039.37 crore and its shares have a ROE (Return on Equity) of 31 percent and ROCE (Return on Capital Employed) of 34 percent. Ashish Kacholia and his investment firm - Bengal Finance and Investment Private Limited together have taken a 2.66 percent stake in the company. The stock has given a multi-bagger return of more than 100 percent from its 52-week low to date.
Net profit increased by 57% in the first half.
According to the results of Amtron Electronics for the first half of FY 2025, the company's net sales stood at Rs 5881.53 lakh, and net profit increased by 57.4 percent to Rs 1367.28 lakh. In FY 2024, the company had recorded net sales of Rs 9372.96 lakh and net profit of Rs 1359.04 lakh.
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