Amtek Auto jumps after strong quarterly earnings

Amtek Auto surged 15.94% to Rs 79.30 at 12:27 IST on BSE after net profit jumped 57.8% to Rs 78.04 crore on 59.3% growth in net sales to Rs 839.10 crore in the quarter ended 31 December 2013 over the quarter ended 31 December 2012.

The result was announced after market hours on Thursday, 13 February 2014.

Meanwhile, the S&P BSE Sensex was up 40.82 points or 0.2% at 20,234.17.

On BSE, so far 2.89 lakh shares were traded in the counter as against average daily volume of 1.63 lakh shares in the past one quarter.

The stock hit a high of Rs 80.90 and a low of Rs 70.90 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 outperformed the market over the past one month till 13 February 2014, sliding 3.05% compared with the Sensex's 4.45% fall. The scrip had also outperformed the market in past one quarter, advancing 0.96% as against Sensex's 0.01% fall.

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

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

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