Wednesday 30 December 2015

Sebi imposes penalty on Amtek Auto in investors complaints case

The Securities and Exchange Board of India reportedly said that the company has resolved only one out of three investors' complaints pending against it.


Capital markets regulator Sebi imposed a penalty of Rs. 5 lakh on Amtek Auto  for failing to redress investors' grievances, says report.
AmtekThe Securities and Exchange Board of India reportedly said that the company has resolved only one out of three investors' complaints pending against it. 
While Amtek Auto stated that they have resolved both the complaints

These complaints were related to non-updation of address/signature/correction as well as non-receipt of dividend.

Amtek Auto Ltd ended at Rs. 51.15, down by Rs. 0.7 or 1.35% from its previous closing of Rs. 51.85 on the BSE

The scrip opened at Rs. 52.05 and touched a high and low of Rs. 52.6 and Rs. 50.7 respectively. A total of 3245023(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1149.62 crore.

The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 186.95 on 05-Jan-2015 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. 54.1 and Rs. 50.4 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 traded below its 200 DMA.

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