Amtek India in limelight

Amtek India is the “star” today morning. The stock is up almost 11% currently at Rs.68.75, with an intra day high at Rs.70.70. Volumes have spiked up almost 4.5 times.

The stock has zoomed up today after the company announced on Tuesday, 24^th Dec about having entered into an agreement with the Kuepper group of Germany  to acquire substantial business interests, through its 100% subsidiaries. The Kuepper group is engaged in the business of iron and aluminium casting and integrated machining having five manufacturing units across Germany and Hungary. No financial details of this deal have been divulged by the company in its notification.