Amtek's subsidiary Castex Technologies and Metalyst Forgings were also locked at 5 percent upper circuit each at Rs 4.31 and Rs 28.20 on the BSE, respectively.
The event comes three months after Amtek Auto, one of the 12 debt-ridden firms identified by the Reserve Bank of India (RBI), was taken to bankruptcy court.
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.
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.
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.
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.
Dr Reddy's Labs | ITC | Infosys | TCS | Tata Motors | Bharat Electronics | Power Grid | Axis Bank | ONGC | HPCL | BPCL | Castrol India | Castex Technologies | Metalyst Forgings | Disa | ITD Cementation and Elantas Beck are stocks, which are in the news today.
In an interview to CNBC-TV18 SP Tulsian of sptulsian.com gave his outlook on BHEL, Amtek Auto, Future Retail and MRPL.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
The plan also envisages a broader corporate restructuring involving the consolidation of the domestic business and the ongoing asset monetisation to support the proposed plan, it added.
Amtek Auto shares jumped nearly 10 percent after the board of directors approved the proposal of fresh capital infusion and restructuring of debt.
"The company is considering various means to deleverage the balancesheet by selling of non-core business, minority stake in its overseas companies and sale of industrial real estate assets within the group business," Amtek Auto said in a regulatory filing.
Infosys | TCS | HDFC | Hero MotoCorp | Castex Technologies | Metalyst Forging | Muthoot Capital | Titan Company | Jet Airways | PNC Infratech | SEAMEC | Spice Mobility | DB Corp | IDBI Bank | Saksoft and United Spirits are stocks, which are in the news today.
In an interview to CNBC-TV18's Anuj Singhal and Sonia Shenoy, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
In an interview to CNBC-TV18, Prakash Diwan, Investment Evangelist at prakashdiwan.in shared his readings and outlook on specific stocks and sectors.
SBI | Tata Motors | Hero MotoCorp | Jaiprakash Associates | Indraprastha Gas | Future Consumer Enterprise | Bajaj Electricals | MPS | Solar Industries | GeeCee Ventures | Snowman Logistics | Trigyn | Jubilant Industries | Bosch | Indian Hotels | MTNL | TVS Motor and Thomas Cook are stocks, which are in the news today.
SP Tulsian of sptulsian.com has a positive view on Amtek Auto with a view of about 6 months.
In an interview with CNBC-TV18, market expert SP Tulsian gave his stock picks and shared his outlook for the market going forward.
Vishal Malkan of malkansview.com is of the view that one may exit Castex Technologies.
Ashu Madan of Religare Securities advises exiting Castex Technologies.
Castex Technologies has reported a standalone total income from operations of Rs 523.26 crore and a net loss of Rs 146.73 crore for the quarter ended Dec '15
SP Tulsian of sptulsian.com expects Amtek Auto to move to Rs 62 in next six months.