Shares of this small-cap company gained 15% on Monday after Kedia Securities Pvt Ltd bought 4.3 lakh shares and the stock has reached a new 52-week high of Rs. 542.30.The stock price is being supported by a big volume increase that was greater than the previous day’s and last week.
Atul Auto Ltd
A small-cap company, Atul Auto Ltd. with a market capitalisation of Rs. 1,271 Cr. The company’s shares on the BSE opened on Monday at Rs. 483.70 and ended the day 15% higher at Rs. 531.30.
As per the NSE Bulk Deal data, Vijay Kedia’s firm Kedia Securities Pvt Ltd bought 4.3 lakh shares at Rs. 450.14 in Atul Auto Ltd company.
The stock has delivered 190% returns to the investors in one year, therefore making an investment of 1 lakh one year ago now would be worth 2.9 lakhs.
As per the company filing, the total consolidated revenue declined by 44% YoY from Rs. 106.69 Cr in Q1 FY23 to Rs. 59.65 Cr in Q1 FY24 and the company posted a net loss of Rs. 9.41 Cr in Q1 FY24 against Rs. 3.65 Cr in Q1 FY23.
According to the latest shareholding data, Promoters hold 46.46%, DIIs hold 0.75%, FIIs hold 0.43% and the Public hold 52.36% stake in this company.
Atul Auto Ltd is an automobile manufacturing company. It produces and promotes three-wheeled commercial vehicles both domestically and internationally. Atul Shakti, Atul Gem, Atul Smart, Atul Gemini, Atul RIK, and Atul Elite are among the company’s product lines.
Written by Sheshadri N
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