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Amtek Auto drops ex-dividend

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Capital Market Mumbai

Meanwhile, the BSE Sensex was up 10.57 points or 0.05% at 19,428.03.

On BSE, 1.18 lakh shares were traded in the counter as against average daily volume of 2.21 lakh shares in the past one quarter.

The stock hit a high of Rs 91.90 and a low of Rs 88.50 so far during the day. The stock had hit a 52-week low of Rs 69.05 on 17 December 2012. The stock had hit a 52-week high of Rs 146.50 on 29 February 2012.

The stock had outperformed the market over the past one month till 26 December 2012, surging 29.65% compared with the Sensex's 4.75% rise. The scrip had, however, underperformed the market in past one quarter, rising 1.56% as against Sensex's 4.21% gain.

 

The company has equity capital of Rs 43.72 crore. Face value per share is Rs 2.

Before turning ex-dividend, the stock offered a dividend yield of 0.54% based on the closing price of Rs 91.40 on Wednesday, 26 December 2012.

Amtek Auto's net profit fell 4.4% to Rs 50.39 crore on 4.9% decline in net sales to Rs 504.08 crore in Q1 September 2012 over Q1 September 2011.

Amtek Auto is an automotive component manufacturer with a strong global presence. The company has facilities in India, Europe and North America. Its business includes forging, grey and ductile iron casting, gravity and high-pressure aluminum die casting and machining and sub-assembly. The company also manufactures components for non-auto sectors such as the railways, specialty vehicles, aerospace, agricultural and heavy earth moving equipment.

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First Published: Dec 27 2012 | 11:32 PM IST

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