SKS Tech (SKS) is held by 5 ASX ETFs. Over the last 3 months it rose 4.9%: on $10,000, +$492. We explain 3 big moves in that time.
About SKS
- SectorIndustrials
- IndustryCapital Goods
- Size$1.0b
- Held by5 ETFs
- Big moves3 in 3M
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- −12.3%peak −14.0%7 Oct 2026· Contract
The stock was placed in a trading pause shortly after a weak MEL2 contract progress report, and trading resumed lower on the pending news.
- +6.6%peak +8.1%17 Sep 2026· Operational
Positive news coverage highlighting SKS Technologies' data centre growth, expanding order book, and FY27 outlook appears to have lifted investor sentiment and driven buying interest.
- −7.8%peak −11.7%18 Aug 2026· Earnings Beat
SKS Technologies fell sharply despite reporting record FY26 earnings (93% profit surge, 33% revenue growth), a classic 'sell the news' reaction where strong results had already been priced in ahead of the announcement.
Held by 5 ETFs
Of every $10,000 in each fund, how much is in SKS today.
Why did SKS fall 7.8% on 18 Aug 2026?
SKS Tech
SKS Technologies fell sharply despite reporting record FY26 earnings (93% profit surge, 33% revenue growth), a classic 'sell the news' reaction where strong results had already been priced in ahead of the announcement.
Multiple news sources confirm SKS reported exceptional FY26 results (93% profit growth, 33% revenue increase) on the same day as the price drop, and one headline explicitly notes the share price dropped 'despite' record earnings. The prior week saw extensive bullish coverage about data centre and AI infrastructure momentum, suggesting elevated expectations were already embedded in the price. The sector (AXMJ Materials) was actually up 2.1% on the day, confirming the sell-off is stock-specific rather than sector-driven, consistent with a 'sell the news' dynamic on an earnings beat.
General information only, not personal advice — prepared without regard to your objectives, financial situation or needs. Past performance is not indicative of future performance.
Evidence
News coverage
Sector / macro signals
What it did to the 5 ETFs holding SKS
On $10,000 in each fund, at the weight it holds today