Key Events This Week
09 Feb: Stock surges 5.00% to Rs.2,666.05 on strong volume
10 Feb: Another 5.00% gain to Rs.2,799.35 amid valuation upgrade concerns
11 Feb: Formation of Death Cross signals potential bearish trend
12-13 Feb: Modest gains despite Sensex decline, closing week at Rs.2,771.40
09 February 2026: Strong Start with 5.00% Gain
ASM Technologies Ltd opened the week on a positive note, rallying 5.00% to close at Rs.2,666.05. This sharp rise was accompanied by a healthy volume of 27,380 shares, signalling renewed investor interest. The broader market also advanced, with the Sensex gaining 1.04% to 37,113.23, but ASM’s outperformance was notable given its small-cap status.
10 February 2026: Continued Momentum Amid Valuation Concerns
The stock extended its gains by another 5.00%, closing at Rs.2,799.35, marking the week’s highest price. Despite the strong price action, valuation metrics drew attention as ASM Technologies’ price-to-earnings ratio escalated to 66.79, categorising it as very expensive relative to peers. This valuation shift was formally recognised with a downgrade in the Mojo Grade to Sell, reflecting caution despite the stock’s strong market performance.
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11 February 2026: Death Cross Formation Signals Caution
On 11 February, ASM Technologies Ltd’s stock price retreated by 1.77% to Rs.2,749.80, despite the Sensex advancing marginally by 0.13%. This day marked a significant technical development as the stock formed a Death Cross, where the 50-day moving average crossed below the 200-day moving average. This technical indicator is widely regarded as a bearish signal, suggesting a potential shift towards a medium-term downtrend. The formation of the Death Cross raised concerns about weakening momentum despite the stock’s impressive long-term returns.
12-13 February 2026: Modest Gains Amid Market Weakness
Following the technical warning, ASM Technologies Ltd managed to stabilise and post modest gains of 0.29% and 0.50% on 12 and 13 February respectively, closing the week at Rs.2,771.40. These gains came despite the Sensex declining by 0.56% and 1.40% on the same days, highlighting the stock’s relative resilience. Trading volumes remained moderate, reflecting cautious investor sentiment amid mixed technical and valuation signals.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.2,666.05 | +5.00% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.2,799.35 | +5.00% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.2,749.80 | -1.77% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.2,757.65 | +0.29% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.2,771.40 | +0.50% | 36,532.48 | -1.40% |
Key Takeaways
The week’s price action for ASM Technologies Ltd was characterised by strong gains early on, with the stock rallying 10.00% over the first two days, significantly outpacing the Sensex’s 1.29% combined gain. However, the formation of the Death Cross on 11 February introduced a note of caution, signalling potential medium-term weakness despite the stock’s resilience in the latter part of the week.
Valuation metrics remain a critical consideration. The stock’s P/E ratio of 66.79 and P/BV of 13.86 place it in the very expensive category relative to peers, reflecting high growth expectations but also increasing vulnerability to corrections. The downgrade to a Sell rating by MarketsMOJO, with a Mojo Score of 41.0, underscores this cautious stance.
Despite these concerns, ASM Technologies Ltd’s long-term performance remains exceptional, with returns exceeding 1,900% over five years and nearly 4,000% over ten years, dwarfing Sensex gains. Profitability metrics such as ROCE at 35.75% and ROE at 18.80% support the premium valuation, although the modest dividend yield of 0.20% may limit income appeal.
Investors should balance the stock’s strong fundamentals and historical outperformance against the recent technical warning and stretched valuation. The mixed signals from technical indicators and the market’s cautious tone suggest a need for vigilance in the near term.
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