Amtek Auto is currently trading at Rs. 39.25, up by 1.20 points or 3.15% from its previous closing of Rs. 38.05 on the BSE.
The scrip opened at Rs. 39.45 and has touched a high and low of Rs. 40.30 and Rs. 38.80 respectively. So far 494401 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 56.20 on 26-Jul-2016 and a 52 week low of Rs. 28.00 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 40.30 and Rs. 36.25 respectively. The current market cap of the company is Rs. 878.79 crore.
The promoters holding in the company stood at 47.42%, while Institutions and Non-Institutions held 12.77% and 39.80% respectively.
Amtek Auto, one of India's largest integrated component manufacturers, is planning to raise Rs 117.5 crore by issuing equity shares to promoters on a preferential basis. The company has called an EGM (extraordinary general meeting) on March 25, 2017, to get approval from its shareholders for the proposal. The company is likely to issue maximum of 2.35 crore equity share at a price of Rs 50 per share including premium of Rs 48 aggregating to Rs 117.5 crore.
Amtek Auto manufactures components such as connecting rod assemblies, flywheel ring gears and assembly, steering knuckles, suspension and steering srms, CV joints, crankshaft assemblies and torque links. It is backed by in-house design and development facilities engaged in developing new product and processes.