Amtek Auto slides after reporting dismal Q2 numbers : 14-Dec-2016

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Amtek Auto tumbled almost 4 percent to Rs 36.20 on BSE after the company posted net loss of Rs 755.18 crore in Q2 September 2016 compared with net loss of Rs 158.62 crore in Q2 September 2015.

The result was announced after market hours yesterday, 13 December 2016.

Meanwhile, the BSE Sensex was down 44.52 points, or 0.17 percent, to 26,653.30.

On the BSE, 1.27 lakh shares were traded in the counter so far, compared with average daily volume of 5.89 lakh shares in the past one quarter.

The stock had hit a high of Rs 36.70 and a low of Rs 35.50 so far during the day. The stock had hit a 52-week high of Rs 56.20 on 26 July 2016. The stock had hit a 52-week low of Rs 26.05 on 12 February 2016.

The stock had outperformed the market over the past 30 days till 13 December 2016, falling 0.26 percent compared with 0.45 percent decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 14.63 percent as against Sensex’s 5.84 percent decline.

The small-cap company has equity capital of Rs 44.95 crore. Face value per share is Rs 2.

Amtek Auto’s total income fell 40.16 percent to Rs 498.92 crore in Q2 September 2016 over Q2 September 2015.

Amtek Auto is one of the largest integrated component manufacturers in India with a strong global presence. It has also become one of the world’s largest global forging and integrated machining companies.

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