Izmo Stock Rises with Multi-year Breakout while Eying July Peak
Semiconductor industry leaders took part in Electro & Semicon Track meeting. Image credit X.com @Applied_India
Izmo Buzzes with Semiconductor Foray as Stock Eyes all-time High
By S Jha
New Delhi, November 20: In about seven trading sessions, shares of Izmo Ltd have sharply risen to catch the attention of the investors. From ₹363 a share on November 13, Izmo is now trading at ₹448.
The gains for Izmo shares translate into sweet 25 per cent returns when stock market overall had been in corrective phase. Izmo Ltd operates in the area of interactive marketing solutions.
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On its website, Izmo Ltd claimed to have launched India’s most advanced semiconductor packing unit plant. Izmo Micro will aim to take a slice of the ₹70,000 crore opportunity in the semiconductor space, said the website of the company.
It also gives information about “wide range of packaging options to accommodate diverse design specifications and functional requirements, including complex mixed-technology assemblies”. “Meet Izmo Microsystems, the hi-tech semiconductor and systems company specializing in System-in-Package (SiP) miniaturization, with India based facilities for 3D packaging,” added the company website.
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On December 28, 2007, shares of Izmo were trading at ₹374. In about four years, the share price of Izmo crashed to ₹17 in 2011. The peak of the Izmo share was seen just ahead of the 2008 global financial meltdown.
For the next nine years, investors refused to take note of Izmo stock. The share price of Izmo was ₹15 even in 2020. From the global financial meltdown to the outbreak of the Covid-19 pandemic, Izmo languished at below ₹20 a share.
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The story of Izmo began unfolding after the pandemic outbreak. Within one year, the share price of Izmo jumped 10 times to trade at about ₹107 in August 2021.
The next two years were spent by Izmo stock in retracement. The Izmo share price retraced to the level of ₹73 on January 6 in 2023.
The Izmo share since the first week of January last year has been on a trailblazing path. The interactive retail solutions company stunned the investors by rising to the level of ₹533 in July this year.
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In about 18 months, the Izmo stock gave mind-boggling returns in multiples of 75. The company earned the tag of a multi-bagger in a quick span of time of just 18 months.
Izmo was founded in 1995 and it claims to be a world leader in ‘Automotive Interactive Marketing Solutions’ It has footprints in hi-tech automotive e-retailing solutions in North America, Europe, and Asia.
Izmo also unveiled ‘Hughes Precision Manufacturing Ltd.’ in 2016 for manufacturing defense equipment.
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The face value of Izmo is ₹10 a share. ROCE (Return on Capital Employed) and ROE (Return on Equity) of Izmo are 9.53 and 8.99 respectively. Market participants as a thumb rule seek ROCE and ROE over 25 of a company for investment for long-term.
The foreign institutional investors (FIIs) hold 4.29 per cent stakes in Izmo. The domestic institutional investors have zero stakes in Izmo.
Disclaimer: This article makes no recommendation for buy or sell of shares of any company. Stock market investment requires high degree of discipline, patience, and knowledge.
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