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 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.
On April 28, 2017 HDFC Mutual Fund sold 4,36,573 shares of Metalyst Forgings.
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.
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.
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.
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.
Tata Steel | Sun Pharma | Wipro | Cairn | Vedanta | Motherson Sumi | Claris Life | Reliance Capital | Reliance Defence | Mahindra CIE | Coal India | Amtek Auto | Godfrey Phillips | Alok Industries | Gitanjali Gems | Nalco | Setco Auto | NHPC | Sicagen India and Nandan Denim are stocks, which are in the news today.
Infosys | TCS | Laxmi Vilas Bank | Britannia | GTL | Tanla Solutions | Sagar Cements | Technofab Engineering | IG Petro | Shirpur Gold Refinery | Motherson Sumi | Aptech | Ashok Leyland | Bajaj Finance | GAIL | ONGC and Alstom T&D are stocks, which are in the news today.
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.
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.
Metalyst Forgings has reported a standalone total income from operations of Rs 485.08 crore and a net loss of Rs 39.45 crore for the quarter ended Dec '15
SP Tulsian of sptulsian.com expects Amtek Auto to move to Rs 62 in next six months.
Metalyst Forgings has reported a standalone total income from operations of Rs 544.76 crore and a net loss of Rs 18.34 crore for the quarter ended Sep '15