This Amtek Auto story continues to worsen. First, it fell 60% when it was removed from futures and options, and earlier, downgraded. And then, two JP Morgan AMC short term debt funds that held about 200 cr. of its debt saw a fall in their NAV and cut redemptions to 1% per day.
On Thursday things REALLY went wrong, and the stock fell a further 36% from there. (it’s down another 8% today)