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The announcement was made after market hours yesterday, 24 January 2017.
Meanwhile, the BSE Sensex was up 135.38 points or 0.49%, to Rs 27,510.96.
More than usual volumes were witnessed on the counter. On the BSE, 42,000 shares were traded on the counter so far as against the average daily volumes of 4,976 shares in the past one quarter. The stock had hit a high of Rs 73.25 so far during the day, which is also its 52-week high. The stock had hit a low of Rs 67 so far during the day.
The stock had hit a 52-week low of Rs 32.20 on 29 March 2016. The stock had outperformed the market over the past one month till 24 January 2017, advancing 8.26% compared with the Sensex's 5.13% rise. The scrip had, however, underperformed the market over the past one quarter declining 5.43% as against the Sensex's 2.85% fall.
The small-cap company has equity capital of Rs 15.86 crore. Face value per share is Rs 10.
Automotive Stampings and Assemblies' net sales fell 2.4% to Rs 62.80 crore in Q3 December 2016 over Q3 December 2015.
Automotive Stampings and Assemblies is a manufacturer and supplier of sheet metal components, welded assemblies and modules for automobiles.
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