Amtek India has surged 19% to Rs 80 after reporting a robust 87% year-on-year (yoy) jump in net profit at Rs 55.13 crore for the quarter ended September 2013 on back of higher operational income. The auto parts and equipments maker had a profit of Rs 29.50 crore in year ago quarter.
The company’s net sales grew 49% at Rs 558 crore on yoy basis, Amtek India said in a statement.
Meanwhile, the board of directors of Amtek India at its meeting held on November 29, 2013, has approved the recommendation of dividend to its equity shareholders @ 5% for the year 2012-13 i.e. Rs 0.10 per equity share of Rs 2 each.
The stock opened at Rs 72 and touched high of Rs 80.50 on BSE. A combined 260,570 shares have changed hands on the counter in early morning deals on BSE and NSE.
The company’s net sales grew 49% at Rs 558 crore on yoy basis, Amtek India said in a statement.
Meanwhile, the board of directors of Amtek India at its meeting held on November 29, 2013, has approved the recommendation of dividend to its equity shareholders @ 5% for the year 2012-13 i.e. Rs 0.10 per equity share of Rs 2 each.
The stock opened at Rs 72 and touched high of Rs 80.50 on BSE. A combined 260,570 shares have changed hands on the counter in early morning deals on BSE and NSE.
