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Amtek Group shares extend rally ahead of board meet

Metalyst Forgings, Castex Technologies and Amtek Auto rallied between 18% and 37% in past two trading session.

SI Reporter  |  Mumbai 

Amtek Group shares extend rally ahead of board meet

Shares of Amtek Group companies Metalyst Forgings, and have rallied by up to 17% in intra-day trade on BSE ahead of board meeting on Wednesday to consider the proposal of infusion of fresh equity by the new investors and restructuring of these companies as proposed by investors.

The board of directors of Amtek Group companies will meet on November 30, 2016, to consider the proposal of infusion of fresh equity by the new investors and restructuring of the company as proposed by investors.


A joint meeting of board of directors of Amtek Auto, Metalyst Forgings, and ARGL is also being convened to discuss the outcome of the individual board meeting and deliberate on the infusion of fresh equity by the new investors and restructuring as proposed by investors, these companies said in a regulatory filing.

Among the individual stocks, has surged 17% to Rs 75.90 on BSE in intra-day trade.

At 02:13 PM; it was up 14% at Rs 74.25, rallied 37% in past two trading sessions. and rallied 33% and 17%, respectively, during the period.

Company 24/11/2016 LTP % chg
Amtek Auto 34.80 40.90 17.53
Metalyst Forg. 54.20 74.20 36.90
Castex Tech 7.51 9.98 32.89
 

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Amtek Group shares extend rally ahead of board meet

Metalyst Forgings, Castex Technologies and Amtek Auto rallied between 18% and 37% in past two trading session.

Metalyst Forgings, Castex Technologies and Amtek Auto rallied between 18% and 37% in past two trading session.
Shares of Amtek Group companies Metalyst Forgings, and have rallied by up to 17% in intra-day trade on BSE ahead of board meeting on Wednesday to consider the proposal of infusion of fresh equity by the new investors and restructuring of these companies as proposed by investors.

The board of directors of Amtek Group companies will meet on November 30, 2016, to consider the proposal of infusion of fresh equity by the new investors and restructuring of the company as proposed by investors.

A joint meeting of board of directors of Amtek Auto, Metalyst Forgings, and ARGL is also being convened to discuss the outcome of the individual board meeting and deliberate on the infusion of fresh equity by the new investors and restructuring as proposed by investors, these companies said in a regulatory filing.

Among the individual stocks, has surged 17% to Rs 75.90 on BSE in intra-day trade.

At 02:13 PM; it was up 14% at Rs 74.25, rallied 37% in past two trading sessions. and rallied 33% and 17%, respectively, during the period.

Company 24/11/2016 LTP % chg
Amtek Auto 34.80 40.90 17.53
Metalyst Forg. 54.20 74.20 36.90
Castex Tech 7.51 9.98 32.89
 

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Business Standard
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Amtek Group shares extend rally ahead of board meet

Metalyst Forgings, Castex Technologies and Amtek Auto rallied between 18% and 37% in past two trading session.

Shares of Amtek Group companies Metalyst Forgings, and have rallied by up to 17% in intra-day trade on BSE ahead of board meeting on Wednesday to consider the proposal of infusion of fresh equity by the new investors and restructuring of these companies as proposed by investors.

The board of directors of Amtek Group companies will meet on November 30, 2016, to consider the proposal of infusion of fresh equity by the new investors and restructuring of the company as proposed by investors.

A joint meeting of board of directors of Amtek Auto, Metalyst Forgings, and ARGL is also being convened to discuss the outcome of the individual board meeting and deliberate on the infusion of fresh equity by the new investors and restructuring as proposed by investors, these companies said in a regulatory filing.

Among the individual stocks, has surged 17% to Rs 75.90 on BSE in intra-day trade.

At 02:13 PM; it was up 14% at Rs 74.25, rallied 37% in past two trading sessions. and rallied 33% and 17%, respectively, during the period.

Company 24/11/2016 LTP % chg
Amtek Auto 34.80 40.90 17.53
Metalyst Forg. 54.20 74.20 36.90
Castex Tech 7.51 9.98 32.89
 

image
Business Standard
177 22