Amtek India soars on entering into JV to build new iron casting foundry at Rajasthan

Revent Metalcast Ltd. | Auto Ancillary | Automobiles | BSE: 532282 | NSE: CASTEXTECH

07 Aug 2014 Evaluate

Amtek India is currently trading at Rs. 99.90, up by 1.40 points or 1.42% from its previous closing of Rs. 98.50 on the BSE.

The scrip opened at Rs. 101.20 and has touched a high and low of Rs. 101.20 and Rs. 99.50 respectively. So far 34618 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 137.85 on 16-Jun-2014 and a 52 week low of Rs. 51.00 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 103.00 and Rs. 89.65 respectively. The current market cap of the company is Rs. 2771.24 crore.

The promoters holding in the company stood at 71.23% while Institutions and Non-Institutions held 9.42% and 19.36% respectively.

Amtek India has entered into a 50:50 joint venture (JV) with Tokyo headquartered Riken Corporation to build a new iron casting foundry in Bhiwadi, Rajasthan with initial capacity of 1.5 million per year of engine camshafts. This JV will enable the company to acquire an important strategic foothold which further strengthens its market leading position within iron castings in India.

This JV will strengthen the company’s position in engine camshafts which is a performance critical engine component. With this new process, the company is now one of the few companies worldwide with the manufacturing technology to produce camshafts in casting, forging and tubular assembled conditions.

Riken Corporation is headquartered in Tokyo, Japan and is principally engaged in the manufacture and sale of automotive components, industrial machinery parts and other products. It has manufacturing locations in Japan, China, Taiwan, Indonesia, Thailand, India, The United States and Mexico.

Amtek India, the country’s largest iron casting company, is a majority owned subsidiary of Amtek Auto, the flagship company of the Amtek Group. The company has two plants located at Narasinghpur in Gurgaon and at Bhiwadi in Rajasthan and its registered office is situated at Old Manesar Road, Village Narsinghpur in Haryana.

Revent Metalcast Share Price

0.64 0.00 (0.00%)

20-Jul-2021 18:01 View Price Chart

Peers

Company Name	CMP
SamvardhanaMotherson	145.55
Tube Investments	3292.05
Bosch	40224.75
UNO Minda	1117.85
CIE Automotive India	464.95
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.