Shares of Amtek Auto are rising for the first time in five days
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Shares of Four days on intense selling abated on Amtek Auto and the stock jumped 6.5 percent to 67.85 rupees making it the top gainer on the
The Amtek group has been sitting on a debt pile of more than 15,000 crore rupees. Amtek Auto announced a disastrous set of quarterly numbers earlier in August, slipping in the red as sales in major geographies dropped. That prompted fears of a payment crisis on the financial costs side, leading to a sharp sell-off on the stock.
Image credit: Indiatimes
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