Amtek Auto down as net loss widens


Amtek Auto slips 3.97% to Rs 42.35 at 10:22 IST on BSE after the organization reported net loss of Rs 319.68 crore in the quarter ended 30 June 2016, higher than net loss of Rs 157.60 crore in the quarter finished 30 June 2015. The outcome was reported yesterday, 13 September 2016 when the share trading system was shut because of Bakri Id. In the interim, the S&P BSE Sensex was down 54.84 focuses or 0.19% at 28,298.70.

On BSE, so far 3.61 lakh shares were exchanged the counter as against normal every day volume of 10.06 lakh offers in the previous one quarter. The stock hit a high of Rs 43.60 and a low of Rs 41.25 so far amid the day. The stock had hit a 52-week low of Rs 26.05 on 12 February 2016. The stock had hit a 52-week high of Rs 57.90 on 14 September 2015.

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The stock had failed to meet expectations the business sector in the course of the last one month till 12 September 2016, sliding 3.18% contrasted and 0.71% ascent in the Sensex. The scrip had, be that as it may, beat the business sector in past one quarter, increasing 27.27% as against Sensex’s 6.45% ascent. The little top organization has value capital of Rs 44.95 crore. Face esteem per offer is Rs 2.

The organization’s aggregate wage declined 33.45% to Rs 576.49 crore in the quarter finished 30 June 2016 over the quarter finished 30 June 2015. Amtek Auto is one of the biggest incorporated car segment makers in India with a solid worldwide nearness.

Amtek Auto has a nearness in manufacturing, dim and pliable iron throwing, gravity and high-weight aluminum kick the bucket throwing and machining and sub-get together. The organization likewise fabricates parts for non-auto divisions, for example, the railroads, strength vehicles, aviation, agrarian and overwhelming earth moving hardware. The organization has producing offices in India, Europe and North America.

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