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Amtek Global Technologies’ arm to sell UK plants

Amtek Auto Limited, one of the largest integrated automotive component manufacturers in India, announced that its subsidiary, Amtek Global Technologies Pte. Limited has entered into an arrangement to sell its UK-based subsidiaries’ plants to Liberty Group.
On Friday, the stock closed at Rs 29.70, up by 0.85% on BSE. It opened at Rs 29.50. The scrip touched its intraday high at Rs 29.95 and low at Rs 29.30, respectively.
Its 52-week high and low stood at Rs 56.20 and Rs 21.25, respectively.
The Amtek Group has operations across Forging, Iron and Aluminium Casting, Machining and Sub-Assemblies. The group is comprised of corporate entities Amtek Auto, JMT Auto, Amtek Global Technologies and other subsidiaries and associates.
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Amtek Auto Ltd ended at Rs 29.7, up by Rs 0.25 or 0.85% from its previous closing of Rs 29.45 on the BSE.

The scrip opened at Rs 29.5 and touched a high and low of Rs 29.95 and Rs 29.3 respectively. A total of 1291783(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 737.32 crore.
The BSE group ‘B’ stock of face value Rs 2 touched a 52 week high of Rs 56.2 on 26-Jul-2016 and a 52 week low of Rs 21.25 on 20-Jun-2017. Last one week high and low of the scrip stood at Rs 30.6 and Rs 28.85 respectively.
The promoters holding in the company stood at 52.4 % while Institutions and Non-Institutions held 8.16 % and 39.44 % respectively.
The stock traded below its 200 DMA.