Sudarshan Sukhani of s2analytics.com is of the view that one can sell Glenmark Pharma and Idea Cellular and buy Titan Company and prefers Maruti Suzuki over Amtek Auto.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Ajanta Pharma and PVR and buy Delta Corp.
Amtek Auto's loss widened sharply to Rs 889.6 crore in the quarter ended June 2017, from Rs 319.7 crore in year-ago quarter, hit by lower revenue and exceptional inventory loss.
"The application filed by Corporation Bank under section 7 of the Insolvency and bankruptcy Code, 2016... before NCLT, Chandigarh has been admitted by the tribunal," the company said in a BSE filing.
Sandeep Wagle of powermywealth.com recommends selling Indiabulls Real Estate and Suven Life Sciences.
The company's debt as of March 2016 stood at more than Rs 14,000 crore.
Founder Arvind Dham and his family own a 52.4 percent stake in Amtek Auto.
The company in its board meeting held on June 10 has decided to issue 2,68,33,876 equity shares on preferential basis to Assets Care & Reconstruction Enterprise.
On April 28, 2017 Ancient Suppliers bought 39,75,000 shares of Amtek Auto.
SBI | Bajaj Auto | Tata Power | GVK Power | Amtek Auto | Motherson Sumi | Bharat Forge | Jayshree Chemical | MTNL | Reliance Capital | Sintex | Hindustan Zinc | Music Broadcast | Healthcare Global | Sagar Cements | NBCC and Pfizer are stocks, which are in the news today.
Auto parts maker Amtek Auto is facing a tough challenge of reducing debts on its books. In hopes to solve this problem, company’s Chairman and founder Arvind Dham is looking at the option of selling assets owned by him, reports Mint.
The company's extra-ordinary general meeting (EGM) to be held on March 25 to consider issue of 2.35 crore equity shares to 2 promoter companies i.e. Aisa International & Amtek Laboratories on preferential basis.
The company's EGM is scheduled to be held on March 23 to consider issue of 44 lakh equity shares to Amtek Auto at Rs 100 per share and 24 lakh warrants to Amtek Auto at Rs 100 each on preferential basis.
In an interview to CNBC-TV18 SP Tulsian, sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
The auto maker plans to issue maximum of 2.35 crore equity share at a price of Rs 50 per share including premium of Rs 48 aggregating to Rs 117.5 crore, it said in a BSE filing.
ONGC | DLF | Oil India | Wipro | Aurobindo Pharma | Indiabull Real | MOIL | Metalyst Forgings | Amtek Auto | Castex Technologies | Surya Roshni | D-Link | InterGlobe Aviation | Uttam Galva | Prism Cement are stocks, which are in the news today.
The Group in its Board Meeting last week is said to have decided to undertake restructuring. The group is reportedly planning to merge three firms and aims to cut debt by Rs 10,000 crore.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Amtek Auto,Reliance, Dr Reddys Laboratories, Reliance Infrastructure, Reliance Defence, GMR Infrastructure, and ENIL.
Coal India | ONGC | L&T | Canara Bank | Bajaj Hind | Tata Power | Jain Irrigation | Amtek Auto | Jindal Stainless | Inox Leisure | IL&FS Engineering | Power Grid | Ruby Mills | Emami | SBI | Gayatri Projects | Mahindra CIE and GVK Power are stocks, which are in news today.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Bharti Airtel, Idea Cellular, Ujaas Energy, Amtek Auto, Va Tech Wabag, Jyothy Laboratories and Repco Home Finance.
Sudarshan Sukhani of s2analytics.com suggests buying Jubilant Foodworks and Amtek Auto.
Aurobindo Pharma | TCS | Idea Cellular | Bharti Airtel | Jyothy Labs | Swan Energy | Infibeam | Hindustan Organic | Asian Oilfield | SRS | Shriram EPC | Jyoti Structures | Baba Arts and Coffee Day are stocks, which are in the news today.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Havells, Lloyd Electricals, Idea Cellular, Jaiprakash Power, TCS, JSPL, Torrent Pharma, Amtek Auto, IDBI Bank and Mahanagar Gas.
CMI's board meeting will be held on March 20 to consider amalgamation of CMI Energy India with self and issue of upto 5 lakh shares on preferential basis to promoters/promoter group.
Tata Motors | Sun Pharma | DLF | Cadila Health | Jindal Steel | SpiceJet | Adani Enterprises | MOIL | Cox & Kings | HDIL | Liberty Shoes | Voltas | National Fertilisers | Ashiana Housing | Power Mech | Intellect Design Arena are stocks, which are in the news today.