Amtek Auto fell 14.18% to Rs 131 at 15:30 IST on BSE on reports the company is facing trouble with $70 million foreign currency convertible bonds issue.
Meanwhile, the BSE Sensex was up 283.17 points, or 1.06%, to 27,115.83.
On BSE, so far 29.13 lakh shares were traded in the counter, compared with an average volume of 4.08 lakh shares in the past one quarter.
The stock hit a high of Rs 154 and a low of Rs 129.80 so far during the day. The stock hit a 52-week high of Rs 269.95 on 2 July 2014. The stock hit a 52-week low of Rs 129.20 on 24 March 2015.
The stock had outperformed the market over the past one month till 17 June 2015, rising 2.76% compared with 1.80% fall in the Sensex. The scrip was flat in past one quarter, outperforming the Sensex's 6.62% fall.
The mid-cap company has an equity capital of Rs 44.06 crore. Face value per share is Rs 2.
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The Bombay Stock Exchange (BSE) has sought clarification from Amtek Auto with reference to the news flashed on a business news channel today, 18 June 2015, titled "The company facing trouble with $70 million FCCB issue." The clarification is awaited from the company.
Amtek Auto reported 52.9% rise in net profit to Rs 129.82 crore on 14.1% rise in total income to Rs 1134.93 crore in Q2 March 2015 over Q2 March 2014.
Amtek Auto is one of the largest integrated component manufacturers.
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