Amtek India spurts after strong earnings

Amtek India surged 17.21% to Rs 79 at 11:21 IST on BSE after net profit surged 86.9% to Rs 55.13 crore on 48.9% increase in net sales to Rs 558.25 crore in the quarter ended September 2013 over the quarter ended September 2012.

The result was announced after market hours on Friday, 29 November 2013.

Meanwhile, the BSE Sensex was up 126.22 points, or 0.61%, to 20,918.15.

On BSE, 2,180 shares were traded in the counter compared with average volume of 4,939 shares in the past one quarter.

The stock hit a high of Rs 80.85 and a low of Rs 72 so far during the day. The stock hit a record high of Rs 126.35 on 21 December 2012. The stock hit a 52-week low of Rs 49 on 31 July 2013.

The stock had outperformed the market over the past one month till 29 November 2013, rising 3.30% compared with the Sensex's 0.65% fall. The scrip had also outperformed the market in past one quarter, falling 10.19% as against Sensex's 12.99% rise.

The small-cap company has an equity capital of Rs 55.51 crore. Face value per share is Rs 2.

Amtek India is a leading provider of iron cast automotive components in India.

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