Amtek India is currently trading at Rs. 102.20, up by 8.20 points or 8.72% from its previous closing of Rs. 94.00 on the BSE.
The scrip opened at Rs. 94.30 and has touched a high and low of Rs. 103.00 and Rs. 94.30 respectively. So far 828112 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. 40.70 on 23-Mar-2015.
Last one week high and low of the scrip stood at Rs. 96.80 and Rs. 86.00 respectively. The current market cap of the company is Rs. 2819.88 crore.
The promoters holding in the company stood at 71.12 % while Institutions and Non-Institutions held 16.51 % and 12.37 % respectively.
Amtek India has received its board’s approval to raise finance by issue of Redeemable Non-Convertible Debentures (NCDs) up to Rs 600 crore on Private Placement basis subject to the approvals of Shareholder’s and any other approvals from regulatory authority. The board at its meeting held on April 23, 2015 has approved for the same.
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.
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