Amtek Auto is currently trading at Rs 142.00, up by 8.45 points or 6.33% from its previous closing of Rs 133.55 on the BSE.
The scrip opened at Rs 134.40 and has touched a high and low of Rs 143.40 and Rs 132.40 respectively. So far 737363 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 200.85 on 12-Apr-2010 and a 52 week low of Rs 106.00 on 10-Feb-2011.
Last one week high and low of the scrip stood at Rs 143.40 and Rs 120.70 respectively. The current market cap of the company is Rs 3067.10 crore.
The promoters holding in the company stood at 30.26% while Institutions and Non-Institutions held 42.93% and 26.81% respectively.
Credit rating agency, CARE has reaffirmed ‘AA’ rating assigned to Rs 1845 crore (enhanced from Rs 1775 crore) long term bank facilities of Amtek Auto. The rating agency has also reaffirmed ‘PR1’ rating assigned to Rs 40 crore short term bank facilities of the company. Further, CARE has reaffirmed PR1 rating assigned to Rs 300 crore commercial papers of the company.
The rating continues to derive strength from the company’s established business position, diversified client base, long-standing relationships with automobile companies as the preferred Original Equipment (OE) supplier, reasonable profitability levels and improved capital structure.
Amtek is one of the largest suppliers of automotive components to auto companies such as Tata Motors, Maruti Suzuki and Hyundai. It is also the first automotive component maker to foray into vehicle manufacturing. Amtek operates 43 manufacturing facilities in India and abroad. The project is expected to start with the medical vehicle segment and will have high localization.
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