Atul Auto rose 2.35% to Rs 544 at 10:16 IST on BSE, with the stock extending recent rally triggered by the company's announcement that its board of directors will meet on Thursday, 26 June 2014, to consider stock-split.
Meanwhile, the S&P BSE Sensex was up 284.81 points or 1.14% at 25,316.13.
On BSE, so far 5,236 shares were traded in the counter as against average daily volume of 9,858 shares in the past two weeks.
The stock hit a high of Rs 546.80 so far during the day, which is a record high for the counter. The stock hit a low of Rs 537.25 so far during the day.
Shares of Atul Auto have rallied 17.38% in three trading sessions from a recent low of Rs 463.45 on 19 June 2014, after the company after market hours on 19 June 2014 said its board of directors will meet on 26 June 2014, to consider stock-split.
Atul Auto's net profit rose 11.9% to Rs 8.45 crore on 17.1% growth in net sales to Rs 112.31 crore in Q4 March 2014 over Q4 March 2013.
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Atul Group is a leading manufacturer of three-wheeled commercial vehicles in the state of Gujarat.
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