For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Amtek Auto slips over 10% on bourses

By Religare
|

Shares of Amtek Auto fell over 10 per cent on National Stock Exchange (BSE) a day after the company defaulted on Rs 800 crore worth of bond payment. The default raised risks of adding nearly Rs 8,000 crore potential bad loans to the Indian banking system, if the company does not repay them quickly, said three persons familiar with the developments.

Following the development, shares of company dropped 10.40 per cent in intra-day trade to Rs 46.50 apiece on the BSE.

 

In a similar trend, shares of the company dipped 10.51 per cent to Rs 46.40 a piece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 26,261.98, up 69 points, or 0.26 per cent, at 11:13 hours.

Story first published: Tuesday, September 22, 2015, 23:00 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more