{"id":264021,"date":"2026-09-23T12:06:30","date_gmt":"2026-09-23T06:36:30","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=264021"},"modified":"2026-09-23T12:06:30","modified_gmt":"2026-09-23T06:36:30","slug":"this-mobile-manufacturing-stock-rises-149-percent-in-6-months","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/","title":{"rendered":"This Mobile Manufacturing Stock Rises 149% in 6 Months: Two Upper Circuits and a Brand Joint Venture"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Optiemus Infracom closed at Rs 323.45 on 23 Mar 2026 and traded near Rs 806 on 23 Sep 2026, a six month gain of about 149%, with a 52 week high of Rs 850.65.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Optiemus Infracom shares have risen roughly 149% in six months, from Rs 323.45 on 23 March 2026 to about Rs 806 on 23 September 2026. The move was driven by a March 2026 handset assembly contract that delivered over Rs 500 crore of June quarter revenue, the Cabinet approving a Rs 62,500 crore mobile phone manufacturing scheme on 15 July 2026, and a 51.1% joint venture with Nothing Electronics approved on 22 September 2026. The one year return is only about 20%, so much of this mobile manufacturing stock rally is a recovery from a depressed March base.<\/p>\n<\/div>\n<p>A mobile manufacturing stock on the NSE has risen about 149% in six months, and two sessions this week account for much of it. The shares closed at Rs 323.45 on 23 March 2026 and traded near Rs 806 on 23 September 2026. This mobile manufacturing stock touched Rs 850.65 intraday, a fresh 52 week high, a day after locking at a 20% upper circuit.<\/p>\n<p>The company is <strong><a href='https:\/\/univest.in\/stocks\/optiemus\/optiemus-infracom-ltd-share-price-today'>Optiemus Infracom Ltd<\/a><\/strong>, a Noida headquartered electronics manufacturing services group building smartphones, hearables, wearables and telecom hardware for other brands. Optiemus share price has been pushed by a March assembly contract, a new central incentive scheme, and a 22 September board approval for a joint venture with Nothing Electronics. One caveat: over one year this mobile manufacturing stock is up only about 20%, still below its September 2024 peak.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href='https:\/\/univest.in\/user\/log-in'>Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Mobile_Manufacturing_Stock_Returns_Across_Periods\" title=\"Mobile Manufacturing Stock Returns Across Periods\">Mobile Manufacturing Stock Returns Across Periods<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Why_Did_This_Mobile_Manufacturing_Stock_Rise_149_in_6_Months\" title=\"Why Did This Mobile Manufacturing Stock Rise 149% in 6 Months?\">Why Did This Mobile Manufacturing Stock Rise 149% in 6 Months?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#The_Ai_Contract_Signed_on_13_March_2026\" title=\"The Ai+ Contract Signed on 13 March 2026\">The Ai+ Contract Signed on 13 March 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Cabinet_Clears_the_Mobile_Phone_Manufacturing_Scheme_on_15_July_2026\" title=\"Cabinet Clears the Mobile Phone Manufacturing Scheme on 15 July 2026\">Cabinet Clears the Mobile Phone Manufacturing Scheme on 15 July 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#June_2026_Quarter_Results_on_4_August_2026\" title=\"June 2026 Quarter Results on 4 August 2026\">June 2026 Quarter Results on 4 August 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#The_Nothing_Electronics_Joint_Venture_on_22_September_2026\" title=\"The Nothing Electronics Joint Venture on 22 September 2026\">The Nothing Electronics Joint Venture on 22 September 2026<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#What_This_Mobile_Manufacturing_Stock_Actually_Makes\" title=\"What This Mobile Manufacturing Stock Actually Makes\">What This Mobile Manufacturing Stock Actually Makes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Optiemus_Share_Price_Against_the_Financial_Record\" title=\"Optiemus Share Price Against the Financial Record\">Optiemus Share Price Against the Financial Record<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Shareholding_Trend_in_This_Mobile_Manufacturing_Stock\" title=\"Shareholding Trend in This Mobile Manufacturing Stock\">Shareholding Trend in This Mobile Manufacturing Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Risks_Before_Chasing_This_Mobile_Manufacturing_Stock\" title=\"Risks Before Chasing This Mobile Manufacturing Stock\">Risks Before Chasing This Mobile Manufacturing Stock<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Auditor_Findings_and_a_Going_Concern_Flag\" title=\"Auditor Findings and a Going Concern Flag\">Auditor Findings and a Going Concern Flag<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Customer_Concentration\" title=\"Customer Concentration\">Customer Concentration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Thin_Margins_and_Negative_Cash_Flow\" title=\"Thin Margins and Negative Cash Flow\">Thin Margins and Negative Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Deal_Risk_on_the_Joint_Venture\" title=\"Deal Risk on the Joint Venture\">Deal Risk on the Joint Venture<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Liquidity_Volatility_and_Related_Party_Exposure\" title=\"Liquidity, Volatility and Related Party Exposure\">Liquidity, Volatility and Related Party Exposure<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Optiemus_Share_Analyst_View\" title=\"Optiemus Share: Analyst View\">Optiemus Share: Analyst View<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Optiemus_Share_Price_Target\" title=\"Optiemus Share Price Target\">Optiemus Share Price Target<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Other_Stocks_to_Track_From_the_Same_Return_Screen\" title=\"Other Stocks to Track From the Same Return Screen\">Other Stocks to Track From the Same Return Screen<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#How_much_has_this_mobile_manufacturing_stock_risen_in_6_months\" title=\"How much has this mobile manufacturing stock risen in 6 months?\">How much has this mobile manufacturing stock risen in 6 months?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#What_does_Optiemus_Infracom_actually_do\" title=\"What does Optiemus Infracom actually do?\">What does Optiemus Infracom actually do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Why_did_Optiemus_share_price_hit_the_upper_circuit_in_September_2026\" title=\"Why did Optiemus share price hit the upper circuit in September 2026?\">Why did Optiemus share price hit the upper circuit in September 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Is_there_a_verified_Optiemus_share_price_target_from_brokerages\" title=\"Is there a verified Optiemus share price target from brokerages?\">Is there a verified Optiemus share price target from brokerages?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#What_were_the_latest_quarterly_results_for_this_mobile_manufacturing_stock\" title=\"What were the latest quarterly results for this mobile manufacturing stock?\">What were the latest quarterly results for this mobile manufacturing stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#How_does_the_new_government_scheme_help_Optiemus\" title=\"How does the new government scheme help Optiemus?\">How does the new government scheme help Optiemus?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#What_are_the_biggest_risks_in_this_mobile_manufacturing_stock\" title=\"What are the biggest risks in this mobile manufacturing stock?\">What are the biggest risks in this mobile manufacturing stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/this-mobile-manufacturing-stock-rises-149-percent-in-6-months\/#Is_Optiemus_share_price_expensive_at_current_levels\" title=\"Is Optiemus share price expensive at current levels?\">Is Optiemus share price expensive at current levels?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Mobile_Manufacturing_Stock_Returns_Across_Periods\"><\/span><strong>Mobile Manufacturing Stock Returns Across Periods<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Optiemus share price fell hard between September 2024 and March 2026, bottoming at Rs 288. The six month rally in this mobile manufacturing stock is largely a recovery from a depressed base, not a breakout.<\/p>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Start price (Rs)<\/th>\n<th>Price on 23 Sep 2026 (Rs)<\/th>\n<th>Return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>6 months (23 Mar 2026)<\/td>\n<td>323.45<\/td>\n<td>806<\/td>\n<td>+149%<\/td>\n<\/tr>\n<tr>\n<td>1 month (24 Aug 2026)<\/td>\n<td>585.70<\/td>\n<td>806<\/td>\n<td>+38%<\/td>\n<\/tr>\n<tr>\n<td>1 year (23 Sep 2025)<\/td>\n<td>670.95<\/td>\n<td>806<\/td>\n<td>+20%<\/td>\n<\/tr>\n<tr>\n<td>3 years (22 Sep 2023)<\/td>\n<td>310.85<\/td>\n<td>806<\/td>\n<td>+159%<\/td>\n<\/tr>\n<tr>\n<td>5 years (23 Sep 2021)<\/td>\n<td>333.55<\/td>\n<td>806<\/td>\n<td>+142%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A mobile manufacturing stock that gains 149% in six months but 20% in twelve spent most of the year going backwards. This mobile manufacturing stock was among the strongest performers on a screen of NSE small-cap stocks ranked by 6-month return, dated 23 September 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Did_This_Mobile_Manufacturing_Stock_Rise_149_in_6_Months\"><\/span><strong>Why Did This Mobile Manufacturing Stock Rise 149% in 6 Months?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Four dated events explain most of the move in this mobile manufacturing stock: a March assembly contract that roughly doubled quarterly revenue, a Cabinet approved incentive scheme in July, a June quarter result showing those volumes land, and a 22 September board approval for a controlling stake in a brand venture.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Ai_Contract_Signed_on_13_March_2026\"><\/span><strong>The Ai+ Contract Signed on 13 March 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>On 13 March 2026 the group&#8217;s manufacturing arm, Optiemus Electronics, agreed to make roughly 3 million Ai+ branded mobile devices a year in India, plus tablets, IoT devices and wearables. The commitment is Rs 125 crore over five years at Noida, ramping from April 2026. That contract delivered over Rs 500 crore of June quarter revenue, where the re-rating of this mobile manufacturing stock began.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cabinet_Clears_the_Mobile_Phone_Manufacturing_Scheme_on_15_July_2026\"><\/span><strong>Cabinet Clears the Mobile Phone Manufacturing Scheme on 15 July 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Union Cabinet approved the Mobile Phone Manufacturing Scheme on 15 July 2026, an outlay of Rs 62,500 crore running from FY2026-27 to FY2030-31. It pays 2.25% to 5% on eligible sales, up to 1.5% more for local components and 3% for design and research. For a mobile manufacturing stock moving into components that matters, and Optiemus share price went from around Rs 541 on 6 July to Rs 637.65 by 31 July.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"June_2026_Quarter_Results_on_4_August_2026\"><\/span><strong>June 2026 Quarter Results on 4 August 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Optiemus reported June quarter numbers on 4 August 2026. Revenue was approximately Rs 883 crore, up around 103%, EBITDA rose about 40% to Rs 41.32 crore and net profit 46% to Rs 21.18 crore. Unit 3 in Noida came online, adding about 6 million units of capacity, and management guided FY27 revenue to double. Margins compressed, so Optiemus share price fell in early August.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Nothing_Electronics_Joint_Venture_on_22_September_2026\"><\/span><strong>The Nothing Electronics Joint Venture on 22 September 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>On 22 September 2026 the board approved a joint venture with London based Nothing Electronics in which Optiemus would initially take 51.1%. It will sell CMF products, including mobile phones and subassemblies, and builds on a September 2025 tie-up carrying over 100 million dollars of investment across three years. The shares locked at the 20% upper circuit and added 13.7% on 23 September. The deal still needs approvals and definitive agreements, so this mobile manufacturing stock is pricing an announcement, not a closed transaction.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_This_Mobile_Manufacturing_Stock_Actually_Makes\"><\/span><strong>What This Mobile Manufacturing Stock Actually Makes<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This mobile manufacturing stock runs its electronics manufacturing services operations from Noida, where Unit 3 started production last quarter. The plants assemble smartphones for third party brands, and the group calls itself India&#8217;s largest maker of hearables and wearables. Adjacent lines include fintech hardware, telecom equipment, IoT modules and Mo Life branded accessories.<\/p>\n<p>Bharat Innovative Glass Technologies, a venture with Corning International in which Optiemus holds 70%, is building cover glass capacity in Tamil Nadu on a Rs 21 crore subscription approved in March 2025. Cover glass carries higher entry barriers than assembly for this mobile manufacturing stock, with onboarding due in FY27.<\/p>\n<p>The defence angle runs through Optiemus Unmanned Systems, incorporated in June 2024, which makes indigenous drones for defence, agriculture, mining and railway users. The board approved a Rs 5.60 crore rights subscription on 27 August 2026. At 31 March 2026 that unit had turnover of about Rs 33 lakh and negative net worth near Rs 7 crore, so defence is an option for this mobile manufacturing stock, not earnings today.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href='https:\/\/univest.in\/screeners'>Check the Univest Screener for Live Fundamentals of High-Return Stocks<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Optiemus_Share_Price_Against_the_Financial_Record\"><\/span><strong>Optiemus Share Price Against the Financial Record<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The accounts of this mobile manufacturing stock improve in absolute terms and thin in percentage terms. June quarter revenue nearly doubled, but operating margin fell to 4.66% from 6.88% and net margin to 2.40%. That is contract assembly: buy volume, give up margin.<\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Revenue (Rs cr)<\/th>\n<th>EBITDA (Rs cr)<\/th>\n<th>Net profit (Rs cr)<\/th>\n<th>Net margin (%)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jun 2025<\/td>\n<td>438.18<\/td>\n<td>29.59<\/td>\n<td>14.53<\/td>\n<td>3.34<\/td>\n<\/tr>\n<tr>\n<td>Sep 2025<\/td>\n<td>420.50<\/td>\n<td>35.85<\/td>\n<td>16.78<\/td>\n<td>4.01<\/td>\n<\/tr>\n<tr>\n<td>Dec 2025<\/td>\n<td>432.61<\/td>\n<td>32.84<\/td>\n<td>12.23<\/td>\n<td>2.84<\/td>\n<\/tr>\n<tr>\n<td>Mar 2026<\/td>\n<td>503.27<\/td>\n<td>25.38<\/td>\n<td>22.47<\/td>\n<td>4.63<\/td>\n<\/tr>\n<tr>\n<td>Jun 2026<\/td>\n<td>893.90<\/td>\n<td>41.32<\/td>\n<td>21.18<\/td>\n<td>2.40<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>FY2025 revenue was Rs 1,907.28 crore with net profit of Rs 63.33 crore and a 6.83% operating margin. FY2026 eased roughly 6% on the top line, with net profit near Rs 66 crore. Against shareholders&#8217; funds of Rs 693.14 crore, that is a return on equity in the high single digits, modest for a mobile manufacturing stock on this multiple.<\/p>\n<p>Cash generation is the weak spot. Operating cash flow was negative Rs 12.54 crore in FY2025 and Rs 12.15 crore in FY2026, while capital expenditure jumped to Rs 312.33 crore from Rs 83.28 crore. Debt to equity was 0.33. Building capacity ahead of orders is defensible, but this mobile manufacturing stock funds growth off the balance sheet, not from operations.<\/p>\n<p>Trailing twelve month earnings per share is approximately Rs 8.1, putting Optiemus share price at around 99 times earnings at Rs 806. Market capitalisation is roughly Rs 7,250 crore and book value Rs 79.54 a share, so this mobile manufacturing stock trades above ten times book.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shareholding_Trend_in_This_Mobile_Manufacturing_Stock\"><\/span><strong>Shareholding Trend in This Mobile Manufacturing Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Promoters hold the clear majority of this mobile manufacturing stock and have trimmed slightly. Institutional holding in the mobile manufacturing stock is small but rising on both the foreign and domestic side.<\/p>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Promoters (%)<\/th>\n<th>FII (%)<\/th>\n<th>DII (%)<\/th>\n<th>Public (%)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jan 2026<\/td>\n<td>72.17<\/td>\n<td>2.72<\/td>\n<td>1.73<\/td>\n<td>23.38<\/td>\n<\/tr>\n<tr>\n<td>Mar 2026<\/td>\n<td>72.17<\/td>\n<td>2.86<\/td>\n<td>1.45<\/td>\n<td>23.52<\/td>\n<\/tr>\n<tr>\n<td>Jun 2026<\/td>\n<td>72.17<\/td>\n<td>3.25<\/td>\n<td>0.98<\/td>\n<td>23.61<\/td>\n<\/tr>\n<tr>\n<td>Jul 2026<\/td>\n<td>72.13<\/td>\n<td>3.29<\/td>\n<td>1.63<\/td>\n<td>22.96<\/td>\n<\/tr>\n<tr>\n<td>Aug 2026<\/td>\n<td>71.40<\/td>\n<td>3.31<\/td>\n<td>2.40<\/td>\n<td>22.89<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Foreign holding rose from 2.72% in January 2026 to 3.31% in August, and domestic institutions from 1.73% to 2.40% after dipping to 0.98% in June. Promoter holding eased to 71.40%, with GRA Enterprises Private Limited the largest entity at 42.96%. The flip side is a free float under 29%, part of why this mobile manufacturing stock moves in 20% jumps.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_Before_Chasing_This_Mobile_Manufacturing_Stock\"><\/span><strong>Risks Before Chasing This Mobile Manufacturing Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The risk list for this mobile manufacturing stock is specific, and none of it is hypothetical.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Auditor_Findings_and_a_Going_Concern_Flag\"><\/span><strong>Auditor Findings and a Going Concern Flag<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>With the FY2026 audited results published on 31 May 2026, auditors noted internal control weaknesses at subsidiaries, specifically ERP systems and inventory audit trails, and a material uncertainty on going concern at FineMs Electronics Private Limited. In a mobile manufacturing stock where much of the value sits in subsidiaries, control quality is not a footnote.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Customer_Concentration\"><\/span><strong>Customer Concentration<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Ai+ relationship contributed over Rs 500 crore of the roughly Rs 883 crore June quarter revenue, close to three fifths of the top line from one brand. Add Nothing and CMF and the base narrows. One brand slowing orders would hit this mobile manufacturing stock fast.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Thin_Margins_and_Negative_Cash_Flow\"><\/span><strong>Thin Margins and Negative Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>An operating margin of 4.66% leaves almost no room. A move in component costs, a delay in incentive disbursement or an underused Unit 3 lands straight in profit. Two years of negative operating cash flow plus Rs 312.33 crore of capital expenditure adds funding risk here.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Deal_Risk_on_the_Joint_Venture\"><\/span><strong>Deal Risk on the Joint Venture<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 51.1% Nothing Electronics venture behind the latest 20% move still needs approvals and definitive agreements, and nothing has been completed or consolidated. If terms change or timelines slip, much of the last two sessions in this mobile manufacturing stock has no earnings behind it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_Volatility_and_Related_Party_Exposure\"><\/span><strong>Liquidity, Volatility and Related Party Exposure<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Free float is under 29% and the price band has been hit twice in two days. The 52 week range runs from Rs 288 to Rs 850.65. Exit liquidity on a bad day can be poor in a small mobile manufacturing stock. The drone subscription is also a related party transaction, as the executive chairman is a director of both entities.<\/p>\n<p style=\"margin-top:24px;\"><strong>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Optiemus share price live<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Optiemus_Share_Analyst_View\"><\/span><strong>Optiemus Share: Analyst View<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>No verified brokerage research target for Optiemus could be found in the public domain at the time of writing, so any Optiemus share price target circulating on social platforms deserves caution. Levels and earnings can be anchored. The 52 week high is Rs 850.65 and the low Rs 288, and the September 2024 high near Rs 873.80 sits just overhead.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Optiemus_Share_Price_Target\"><\/span><strong>Optiemus Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Without a published Optiemus share price target, the fair framing is an earnings one. At approximately Rs 8.1 of trailing earnings per share, Rs 806 is around 99 times profit. Management has guided FY29 revenue to about Rs 6,000 crore, which at the June quarter&#8217;s 2.4% net margin implies roughly Rs 144 crore of profit, close to Rs 16 per share. Build an Optiemus share price target for this mobile manufacturing stock from that, not from a six month chart.<\/p>\n<p>The counterargument is simple. Optiemus share price already discounts a lot of delivery and June quarter margin moved the wrong way. A mobile manufacturing stock near 99 times earnings has little cushion for a miss.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Stocks_to_Track_From_the_Same_Return_Screen\"><\/span><strong>Other Stocks to Track From the Same Return Screen<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond this mobile manufacturing stock, a screen of NSE small-cap stocks ranked by recent returns also includes related names such as <a href=\"https:\/\/univest.in\/stocks\/jaynecoind\/jayaswal-neco-industries-ltd-share-price-today\">Jayaswal Neco<\/a> with a 1-year return of 21.17%, <a href=\"https:\/\/univest.in\/stocks\/shantigear\/shanthi-gears-ltd-share-price-today\">Shanthi Gears<\/a> at 20.06% and <a href=\"https:\/\/univest.in\/stocks\/prudent\/prudent-corporate-advisory-services-ltd-share-price-today\">Prudent Corporate<\/a> at 19.02%.<\/p>\n<p>Among the names covered from that screen, <a href=\"https:\/\/univest.in\/stocks\/mtartech\/mtar-technologies-ltd-share-price-today\">MTAR Technologies<\/a> returned 396.53% over one year. Readers can compare this mobile manufacturing stock with the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> benchmark and track each of these names on Univest before making any decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This mobile manufacturing stock has done what the headline says: roughly 149% in six months. The drivers are dated and real, from the Ai+ contract in March to the Cabinet scheme in July to the Nothing venture on 22 September, and revenue really did double last quarter.<\/p>\n<p>The qualifications are equally real. The one year return is about 20%, margins thinned as volumes grew, operating cash flow has been negative two years running, auditors flagged control gaps, and the venture behind the spike has not closed. Anyone buying this mobile manufacturing stock today pays roughly 99 times earnings for guidance rather than delivered profit, and sizing in a mobile manufacturing stock this volatile should reflect that.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information and may or may not be accurate. Please verify all data independently before making any investment decision. Past returns do not guarantee future returns. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"How_much_has_this_mobile_manufacturing_stock_risen_in_6_months\"><\/span><strong>How much has this mobile manufacturing stock risen in 6 months?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Optiemus Infracom shares rose approximately 149% in six months, from Rs 323.45 on 23 March 2026 to around Rs 806 on 23 September 2026. The stock touched Rs 850.65 intraday, a fresh 52 week high. No split or bonus occurred in that window, so the gain is real price appreciation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Optiemus_Infracom_actually_do\"><\/span><strong>What does Optiemus Infracom actually do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Optiemus is an electronics manufacturing services group in Noida that assembles smartphones, hearables, wearables, telecom hardware and IoT devices for third party brands. Newer verticals include cover glass with Corning and drones through Optiemus Unmanned Systems.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Optiemus_share_price_hit_the_upper_circuit_in_September_2026\"><\/span><strong>Why did Optiemus share price hit the upper circuit in September 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The board approved a joint venture with London based Nothing Electronics on 22 September 2026 in which Optiemus would initially take 51.1%. The venture will sell CMF products including mobile phones and components. The shares locked at the 20% upper band and gained 13.7% more on 23 September.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_there_a_verified_Optiemus_share_price_target_from_brokerages\"><\/span><strong>Is there a verified Optiemus share price target from brokerages?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No verified brokerage target for Optiemus could be located in the public domain at the time of writing. The usable reference points are the 52 week high of Rs 850.65, the low of Rs 288, and guidance of FY29 revenue near Rs 6,000 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_latest_quarterly_results_for_this_mobile_manufacturing_stock\"><\/span><strong>What were the latest quarterly results for this mobile manufacturing stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> For the June 2026 quarter, reported on 4 August 2026, revenue was approximately Rs 883 crore, up around 103% year on year. EBITDA rose about 40% to Rs 41.32 crore and net profit 46% to Rs 21.18 crore. Operating margin contracted to 4.66% from 6.88%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_the_new_government_scheme_help_Optiemus\"><\/span><strong>How does the new government scheme help Optiemus?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Cabinet approved the Mobile Phone Manufacturing Scheme on 15 July 2026 with a Rs 62,500 crore outlay running to FY2030-31. It offers 2.25% to 5% on eligible sales, up to 1.5% extra for domestic component sourcing and 3% for design and research. Handset assemblers and component makers are the intended beneficiaries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_biggest_risks_in_this_mobile_manufacturing_stock\"><\/span><strong>What are the biggest risks in this mobile manufacturing stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Customer concentration is the largest, since one brand contributed over Rs 500 crore of the June quarter&#8217;s Rs 883 crore revenue. Operating margin is under 5%, auditors flagged control weaknesses at subsidiaries and a going concern uncertainty at a group entity, and free float below 29% makes moves sharp.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Optiemus_share_price_expensive_at_current_levels\"><\/span><strong>Is Optiemus share price expensive at current levels?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> At around Rs 806 this mobile manufacturing stock trades at roughly 99 times trailing earnings per share of about Rs 8.1, and above ten times a book value of Rs 79.54. That is demanding for a business earning a 2.4% net margin last quarter, and it rests on the FY27 to FY29 revenue ramp being delivered.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"How much has this mobile manufacturing stock risen in 6 months?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Optiemus Infracom shares rose approximately 149% in six months, from Rs 323.45 on 23 March 2026 to around Rs 806 on 23 September 2026. The stock touched Rs 850.65 intraday, a fresh 52 week high. No split or bonus occurred in that window, so the gain is real price appreciation.\"}},{\"@type\":\"Question\",\"name\":\"What does Optiemus Infracom actually do?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Optiemus is an electronics manufacturing services group in Noida that assembles smartphones, hearables, wearables, telecom hardware and IoT devices for third party brands. Newer verticals include cover glass with Corning and drones through Optiemus Unmanned Systems.\"}},{\"@type\":\"Question\",\"name\":\"Why did Optiemus share price hit the upper circuit in September 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The board approved a joint venture with London based Nothing Electronics on 22 September 2026 in which Optiemus would initially take 51.1%. The venture will sell CMF products including mobile phones and components. 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Operating margin contracted to 4.66% from 6.88%.\"}},{\"@type\":\"Question\",\"name\":\"How does the new government scheme help Optiemus?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Cabinet approved the Mobile Phone Manufacturing Scheme on 15 July 2026 with a Rs 62,500 crore outlay running to FY2030-31. It offers 2.25% to 5% on eligible sales, up to 1.5% extra for domestic component sourcing and 3% for design and research. Handset assemblers and component makers are the intended beneficiaries.\"}},{\"@type\":\"Question\",\"name\":\"What are the biggest risks in this mobile manufacturing stock?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Customer concentration is the largest, since one brand contributed over Rs 500 crore of the June quarter's Rs 883 crore revenue. Operating margin is under 5%, auditors flagged control weaknesses at subsidiaries and a going concern uncertainty at a group entity, and free float below 29% makes moves sharp.\"}},{\"@type\":\"Question\",\"name\":\"Is Optiemus share price expensive at current levels?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"At around Rs 806 this mobile manufacturing stock trades at roughly 99 times trailing earnings per share of about Rs 8.1, and above ten times a book value of Rs 79.54. That is demanding for a business earning a 2.4% net margin last quarter, and it rests on the FY27 to FY29 revenue ramp being delivered.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Noida based contract electronics maker has gained about 149% in six months, with two upper circuits in the last two sessions. Here is what actually changed.<\/p>\n","protected":false},"author":29,"featured_media":264020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[6789,6791,5445,6788,6790,6785,6786,6787],"class_list":["post-264021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-electronics-manufacturing-services","tag-hearables-and-wearables","tag-high-return-stocks","tag-mobile-manufacturing-stock","tag-noida-plant-capacity","tag-optiemus","tag-optiemus-share-price","tag-optiemus-share-price-target"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["264020"],"rank_math_title":["Mobile Manufacturing Stock Rises 149% in 6 Months"],"rank_math_description":["This mobile manufacturing stock rises 149% in 6 months on a handset contract, a new central incentive scheme and a brand joint venture. Financials and risks inside."],"rank_math_focus_keyword":["mobile manufacturing stock"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/this-mobile-manufacturing-stock-rises-149-in-6-months-two-upper-circuits-and-a.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/264021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=264021"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/264021\/revisions"}],"predecessor-version":[{"id":264023,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/264021\/revisions\/264023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/264020"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=264021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=264021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=264021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}