Amtek India rallies 20% on strong quarterly results
At 10:14 a.m.; the stock was at Rs 79.20, up 17.51 per cent, on the BSE. It touched a high of Rs 80.50 and a low of Rs 72 in trade today.
By ET Online | Updated:
MUMBAI: Shares of Amtek India surged over 20 per cent in trade after the company announced September quarter results after market hours on Friday.
The company reported a net profit of R 55.1 crore for the quarter ended September against a net profit of Rs Rs 29.5 crore in the corresponding quarter last fiscal.
Net sales for the quarter increased to Rs 558.2 crore against sales of Rs 374.8 crore in the year-ago quarter.
The Board of Directors has recommended a dividend of 0.10 per equity share of Rs 2 each for 15 months ending on September 30, 2013.
At 10:14 a.m.; the stock was at Rs 79.20, up 17.51 per cent, on the BSE. It touched a high of Rs 80.50 and a low of Rs 72 in trade today.
The company reported a net profit of R 55.1 crore for the quarter ended September against a net profit of Rs Rs 29.5 crore in the corresponding quarter last fiscal.
Net sales for the quarter increased to Rs 558.2 crore against sales of Rs 374.8 crore in the year-ago quarter.
The Board of Directors has recommended a dividend of 0.10 per equity share of Rs 2 each for 15 months ending on September 30, 2013.
At 10:14 a.m.; the stock was at Rs 79.20, up 17.51 per cent, on the BSE. It touched a high of Rs 80.50 and a low of Rs 72 in trade today.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Amtek India plans to raise Rs 600 crore via pvt placement of NCDsADVERTISEMENT
