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Amtek Auto recovers after recent slide

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jumped 5.97% to Rs 24.85 at 11:46 on BSE, with the stock recovering on bargain hunting after recent slide.

Meanwhile, the S&P Sensex was up 34.99 points, or 0.11% at 31,346.56. The S&P Small-Cap index was up 80.78 points, or 0.52% at 15,734.75.

High volumes were witnessed on the counter. On the BSE, 29.47 lakh shares were traded on the counter so far as against the average daily volumes of 6.39 lakh shares in the past one quarter. The stock had hit a high of Rs 25.30 so far during the day. The stock had hit a low of Rs 21.25 so far during the day, which is also its 52-week low. The stock had hit a 52-week high of Rs 56.20 on 26 July 2016.

The stock had underperformed the market over the past one month till 19 June 2017, declining 35.93% compared with the Sensex's 2.78% rise. The scrip had also underperformed the market over the past one quarter declining 34.31% as against the Sensex's 5.61% rise. The scrip had also underperformed the market over the past one year declining 34.95% as against the Sensex's 17.6% rise.

The small-cap company has equity capital of Rs 49.65 crore. Face value per share is Rs 2.

Shares of had declined 30.52% in the preceding three trading sessions to settle at Rs 23.45 yesterday, 19 June 2017, from its closing price of Rs 33.75 on 14 June 2017.

reported net loss of Rs 307.57 crore in the quarter ended March 2017, compared with net loss of Rs 563 crore in the quarter ended March 2016. Net sales fell 31.8% to Rs 442.36 crore in the quarter ended March 2017 over the quarter ended March 2016.

is one of the leading integrated auto component manufacturers.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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