Amtek Auto zooms 9%;JP Morgan AMC sells Co debentures

Report says that JP Morgan Asset Management Company (AMC) has managed to sell the debt papers of Amtek Auto to a private equity firm at a 15% loss

Amtek Auto Ltd stock was higher by 9% at Rs. 50. Report says that JP Morgan Asset Management Company (AMC) has managed to sell the debt papers of Amtek Auto to a private equity firm at a 15% loss.

The scrip opened at Rs. 46.45 and has touched a high and low of Rs. 51.5 and Rs. 46.3 respectively. So far 9845539(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1043.99 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 216.45 on 05-Dec-2014 and a 52 week low of Rs. 25.6 on 04-Sep-2015. Last one week high and low of the scrip stood at Rs. 49.8 and Rs. 41.6 respectively.

The promoters holding in the company stood at 49.99 % while Institutions and Non-Institutions held 20.93 % and 29.08 % respectively.

The stock is currently trading below its 200 DMA.