New Delhi: Amtek Auto shares continued to witness selling pressure and settled for the day down over 11 percent to close at Rs 29.10, as concerns related to debt worries haunted investors.
The stock today fell 11.15 percent to settle at Rs 29.10 on BSE, following heavy selling during the day. Intra-day it had slumped 14.80 percent to Rs 27.90.
On the National Stock Exchange, the stock fell 11.28 percent to end at Rs 29.10.
Meanwhile, over the last one month, the stock has tumbled as much as 82.49 percent, while for the 30-share index the loss was 11.83 percent only during the said period.
The stock had crashed 35 percent on September 3 and crashed nearly 31 percent on August 19 after the announcement by bourses with regard to exclusion of company's futures and options (F&O) contracts in equity derivatives segment, with effect from October 30.
Shares of the company witnessed downtrend as sentiment has turned bearish after the auto component maker reported a net loss of Rs 157.76 crore for the third quarter ended June 30, last month.
Moreover, FIIs have also trimmed their stake in the company to 18.83 percent in June quarter from 35.15 percent in March quarter.
Meanwhile, Amtek Group stocks also faced selling pressure.
Stocks of group companies like Castex Technologies fell by 4.96 percent, Metalyst Forgings went down 4.91 percent and JMT Auto slipped 4.96 percent on BSE.
