It
is not safe to invest in Amtek Auto.
Unfortunately the already bad condition is
rapidly deteriorating.
Even the market conditions are not favourable.
Amtek
Auto Market Snapshot:
The EPS and PE Ratio are negative, indicating losses. Dividend yield is zero. Price to book ratio is tempting at 0.17 (discount of 83%) but still please do not fall for it.
The share price is in doldrums. After a brief rally in 2014–16 where the price touched about Rs.215, it is languishing at the bottom at Rs.37. Amtek Auto stock’s five year price graph below vindicates my stand:
In conclusion Amtek Auto's share is not a good investment option, so please do not invest.
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