Ahmednagar Forgings is currently trading at Rs 107.50, up by 1.80 points or 1.70% from its previous closing of Rs 105.70 on the BSE.
The scrip opened at Rs 110.50 and has touched a high and low of Rs 123.50 and Rs 104.00 respectively. So far 106283 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 197.50 on 19-Apr-2012 and a 52 week low of Rs 97.75 on 04-Apr-2013.
Last one week high and low of the scrip stood at Rs 109.80 and Rs 100.00 respectively. The current market cap of the company is Rs 391.94 crore.
The promoters holding in the company stood at 54.96 % while Institutions and Non-Institutions held 29.81 % and 15.23 % respectively.
Ahmednagar Forgings’ promoter entity Amtek Auto has increased its stake in the company by acquiring 1.80 million shares representing 4.90% of total equity of Ahmednagar Forgings at Rs 104.18 per share on the BSE on April 18, 2013.
The company has acquired these shares from Copthall Mauritius Investment and Warhol through bulk deals for total consideration of Rs 18.75 crore.
Ahmednagar Forgings is a manufacturer of forging and machined automotive components, cold forged parts and high tensile fasteners. The company operates four plants; two of them are located at Ahmednagar, Maharashtra and the other two near Pune, Maharashtra.
