Amtek Auto advances after twin bulk deals

Amtek Auto rose 2.45% to Rs 71 at 14:06 IST on BSE after 0.32% equity changed hands in two bulk deals today, 21 January 2014.

A bulk deal of 5 lakh shares was executed on Amtek Auto counter at Rs 70.40 per share at 13:22 IST on BSE today, 21 January 2014. Another bulk deal of 2 lakh shares was executed on counter at Rs 70.40 per share at 13:26 IST on BSE today, 21 January 2014.

Meanwhile, the S&P BSE Sensex was up 33.77 points or 0.16% at 21,238.82

Bulk deals boosted volume on the counter. On BSE, so far 7.59 lakh shares were traded in the counter as against average daily volume of 99,371 shares in the past one quarter.

The stock hit a high of Rs 71.35 and a low of Rs 69.25 so far during the day. The stock had hit a 52-week high of Rs 90.50 on 16 May 2013. The stock had hit a 52-week low of Rs 58.65 on 6 August 2013.

The stock had underperformed the market over the past one month till 20 January 2014, falling 2.87% compared with the Sensex's 0.59% rise. The scrip, however, outperformed the market in past one quarter, gaining 7.61% as against Sensex's 1.54% rise.

The small-cap company has equity capital of Rs 43.72 crore. Face value per share is Rs 2.

Amtek Auto's net profit rose 3.8% to Rs 52.31 crore on 48.6% growth in net sales to Rs 749 crore in quarter ended September 2013 over the quarter ended September 2012.

Amtek Auto is an automotive component manufacturer with a strong global presence.

Powered by Capital Market - Live News