Amtek India jumps nearly 15% on robust Q2 earnings - The New Indian Express

Amtek India jumps nearly 15% on robust Q2 earnings

Published: 02nd December 2013 01:18 PM

Last Updated: 02nd December 2013 01:18 PM

Amtek India, part of the auto parts maker Amtek Group, jumped on Monday after it registered a sharp rise in standalone net profit for the quarter ended September 2013.

During the quarter, the profit of the company rose 86.88% to Rs 551.30 million from Rs 295 million in the same quarter previous year.

Net sales for the quarter surged 47.81% to Rs 5,973 million, compared with Rs 4,041 million for the prior year period. Shares of the companyare trading at Rs 77.30, up Rs 9.9, or 14.69% at the Bombay Stock Exchange (BSE) on Monday at 11:55 a.m.The scrip has touched an intra-day high of Rs 80.85 and low of Rs 72. The total volume of shares traded at the BSE is 125,319.In the earlier session, the shares climbed 0.75%, or Rs 0.5, at Rs 67.40. Currently, the stock is trading down 38.82% from its 52-week high of Rs 126.35 and above 57.76% over the 52-week low of Rs 49.

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