AMTEK INDIA LTD - IS IT A BUY AT CURRENT LEVEL

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by ramanmadan799, May 15, 2015.

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  1. ramanmadan799

    ramanmadan799 New Member

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    HELLO EVERYONE.

    I AM JUST INCLINED TO KNOW ABOUT AMTEK INDIA STOCK. THE STOCK HAS TRIPPLED IN JUST ONE MONTH FROM RS. 50 TO RS.133. I THINK, FUNDAMENTALLY IT'S SOUND AND TECHNICALS TOO SEEMS TO BE OK.

    KINDLY GIVE ME YOUR VALUABLE SUGGESTIONS.
     
    ramanmadan799, May 15, 2015
    #1
  2. mit_vkum

    mit_vkum New Member

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    don't even think about buying Amtek India at these rates. Very poor set of results
     
    mit_vkum, May 15, 2015
    #2
  3. jeett

    jeett Member

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    Avoid Amtek Group company - management themselves are selfish manipulators - they do not care about investors at all.

    There are many other companies that can give you better returns outside the AMTEK group.

    Cheers
     
    jeett, May 15, 2015
    #3
  4. Meenakshi Razdan

    Meenakshi Razdan Administrator Staff Member Moderator

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    There is an interview of John Flintham, Senior MD which gives some insights into the working of Amtek Auto, the group company. He is very pessimistic and says:

    "So you can see a challenging picture ahead. The EBITDA reflected the sales revenues with Rs 255 crore of EBITDA, which is down 3% or 4% from the last quarter. So it has been a challenging quarter, and the situation will probably remain the same in the current quarter and may be the next quarter as well. So we expect 2015 to remain a difficult year for us."

    Read more at:
    https://economictimes.indiatimes.com/articleshow/47295015.cms
     
    Meenakshi Razdan, May 16, 2015
    #4
  5. ramanmadan799

    ramanmadan799 New Member

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    THANK YOU ALL.

    PLEASE ACCEPT MY THANKS FOR YOUR VALUABLE SUGGESTIONS.

    REGARDS
    RAMAN MADAN
     
    ramanmadan799, May 16, 2015
    #5
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