Stocks

Amtek Auto plunges over 6% on Q2 net loss

PTI New Delhi | Updated on January 16, 2018 Published on December 14, 2016

amtek

Shares of Amtek Auto plunged over 6 per cent today after the company reported a net loss of Rs 755.18 crore for the quarter ended September 30, 2016.

On the NSE, the stock opened at Rs 36.25 and slipped 6.76 per cent to touch an intra-day low of Rs 35.15.

At 2 pm, the stock was trading down by 3.32 per cent at Rs 36.45 on the NSE.

A similar movement was seen on the BSE, where the scrip opened at Rs 36.10 and tumbled 5.71 per cent.

At 2 pm, the stock was trading down by 3.45 per cent at Rs 36.35 on the BSE.

On Tuesday, Amtek Auto had reported a standalone net loss of Rs 755.18 crore during July-September quarter compared to a net loss of Rs 158.62 crore in the corresponding quarter a year ago.

Total income decreased to Rs 498.92 crore in the period under review compared with Rs 833.83 crore in the same period a year ago.

Published on December 14, 2016
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