Castex Technologies had given a mandatory conversion notice to bondholders on July 31. The notice sought to convert nearly USD 80 million of the USD 130 million, 6 percent convertible bonds due in 2017.
Sudarshan Sukhani of s2analytics.com is of the view that one may look at Amtek India.
According to VC John Flintham, non-auto sectors like Railways and tractors are expected to be subdued. The organic growth in FY15 will be less compared to last year, he added.
Tata Motors | Tech Mahindra | Thermax | Power Grid | Amtek India | Rohit Ferro | NHPC | Shreyas Shipping | CCL Products | IDBI Bank | Reliance Power | Bharat Forge | Syndicate Bank | Gulf Oil Lubricants | Ballarpur Industries | ABG Shipyard | Gujarat Alkalies and DB Realty are stocks, which are in the news today.
According to Satish Gupta of astrostocktips, auto ancillary stocks like Bharat Forge, Amtek India, Motherson Sumi Systems, Wabco India and Exide Industries will get astro support.
According to Satish Gupta of astrostocktips, auto sector will continue getting astrological support and advises buying Maruti Suzuki India, Hero Motocorp, Eicher Motors , Force Motors, SML Isuzu, Tata Motors and Mahindra & Mahindra on every decline.
Amtek India has reported a sales total income from operations of Rs 742.83 crore and a net profit of Rs 3.38 crore for the quarter ended Mar '15
Infosys | Cairn India | CRISIL | GPT Infraprojects | Sasken Communication | Linde India | Advanta | International Paper and Gujarat Gas are stocks, which are in the news today.
Auto components maker Amtek India Ltd plans to raise Rs 600 crore by issuing redeemable non-convertible debentures (NCDs) on private placement basis.
Scholz is a leading high quality hot die forgings manufacturer for the auto and non-auto component industries
The company is targeting annual revenue of Rs 22,000-23,000 crore in the months ahead.
Amtek India has reported a sales total income from operations of Rs 821.41 crore and a net profit of Rs 54.92 crore for the quarter ended Dec '14
Bharti Airtel | HDFC Bank | Jaiprakash Associates | Reliance Capital | Reliance Power | Tata Motors | Kotak Mahindra Bank | Ashok Leyland | ING Vysya Bank | Amtek Auto | Amtek India | Tata Coffee | Aurobindo Pharma | Ahmednagar Forging | Abbott India | SpiceJet | Ceat | Reliance Comm and Hindalco are stocks, which are in the news today.
"Board of Directors of the company at its meeting held on November 24, 2014, have considered and approved issuance of non-convertible preference shares up to Rs 200 crore," Amtek India said in a BSE filing.
Pankaj Jain of Sunteck Wealthmax is of the view that one can go long in 8K Miles Software and Amtek India.
Kunal Saraogi, Equityrush advises buying Titan Company for a target price of Rs 395 and Petronet LNG for a target price of Rs 203.
Vishal Jajoo of Nirmal Bang Securities recommends buying Amtek India with a target of Rs 101 and Wockhardt with a target of Rs 748.
Pritesh Mehta, senior technical analyst of IIFL recommends buying Amtek India with a target of Rs 115.
Watch the interview of Pritesh Mehta, Senior Technical Analyst of IIFL with Nigel D‘souza & Sumaira Abidi on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Vishal Jajoo of Nirmal Bang Securities recommends buying Jindal Steel & Power and Amtek India.
Paras Bothra, Ashika Stock Broking advises buying Maharashtra Seamless for a target price of Rs 450 and Wonderla Holidays for a target price of Rs 400.
Going forward, Gautam Malhotra, Director, Ahmednagar Forgings expects the company to continue seeing strong growth in topline and improvement in margins from the current 27 percent.
Amtek India has reported a sales standalone turnover of Rs 664.82 crore and a net profit of Rs 59.95 crore for the quarter ended Dec '13
Equity benchmarks crawled higher during the week-ended December 28, with the Nifty gaining 0.7 percent to finish at 6,313, and the Sensex closing at 21,193, up 0.5 percent. Mid and small cap shares, however, outperformed.
Mayuresh Joshi of Angel Broking advises selling Amtek India on rallies.