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Amtek Auto shines on selling 51% equity stake in ARGL, ACIL

26 Mar 2013 Evaluate

Amtek Auto is currently trading at Rs. 64.00, up by 0.40 points or 0.63% from its previous closing of Rs. 63.60 on the BSE.

The scrip opened at Rs. 64.10 and has touched a high and low of Rs. 66.45 and Rs. 63.30 respectively. So far 19258 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 139.30 on 26-Mar-2012 and a 52 week low of Rs. 60.10 on 22-Mar-2013.

Last one week high and low of the scrip stood at Rs. 66.45 and Rs. 60.10 respectively. The current market cap of the company is Rs. 1390.45 crore.

The promoters holding in the company stood at 39.93% while Institutions and Non-Institutions held 47.75% and 12.33% respectively. 

Amtek Auto has sold 51% equity stake of total paid up equity share capital of its subsidiary companies, ARGL (formerly known as Amtek Ring Gears) and ACIL (formerly known as Amtek Crankshafts (India).  Consequent to the above sale of equity stake, ARGL and ACIL ceases to be subsidiary companies of Amtek Auto.

Amtek Auto is engaged in manufacturing of various automotive machined and forged components such as case extensions, crankshaft assemblies, gear pinions, pivot arm, connecting rod assemblies etc.

Peers
Company Name CMP
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Alicon Castalloy 684.70
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Synergy Green Inds. 514.80
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