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Shares of Amtek Group companies such as Amtek India, Amtek Auto and Ahmednagar Forgings were trading lower by up to 11% on the National Stock Exchange (NSE).
Amtek India tanked 11% to Rs 41, also its 52-week low on the NSE. The trading volumes on the counter more than doubled with a combined 3.72 million shares changed hands till 1455 hours on the BSE and NSE.
Ahmednagar Forgings too plunged 11% to Rs 226 on the NSE. The stock opened at Rs 250 and hit a low of Rs 220 so far.
Amtek Auto dipped 5% to Rs 137, extending its 6% fall in past three trading sessions, after the company said it has acquired German based Scholz Edelstahl GmbH through its 100% Singapore based subsidiary Amtek Precision Engineering Pte. Limited.
Scholz is a leading high quality hot die forgings manufacturer for the auto and non-auto component industries. It is also engaged in the special steel trading business which will enable backward integration with all of Amtek Group's international business.
Meanwhile, JMT Auto trading 3% higher at Rs 161 on the NSE.
Amtek India tanked 11% to Rs 41, also its 52-week low on the NSE. The trading volumes on the counter more than doubled with a combined 3.72 million shares changed hands till 1455 hours on the BSE and NSE.
Ahmednagar Forgings too plunged 11% to Rs 226 on the NSE. The stock opened at Rs 250 and hit a low of Rs 220 so far.
Amtek Auto dipped 5% to Rs 137, extending its 6% fall in past three trading sessions, after the company said it has acquired German based Scholz Edelstahl GmbH through its 100% Singapore based subsidiary Amtek Precision Engineering Pte. Limited.
Scholz is a leading high quality hot die forgings manufacturer for the auto and non-auto component industries. It is also engaged in the special steel trading business which will enable backward integration with all of Amtek Group's international business.
Meanwhile, JMT Auto trading 3% higher at Rs 161 on the NSE.
