Atul Auto was locked at 5% upper circuit at Rs 296.60 at 11:10 IST on BSE after the company said its total vehicle sales rose 18.97% to 3,105 units in February 2014 over February 2013.
The company announced the sales numbers on Saturday, 1 March 2014.
Meanwhile, the S&P BSE Sensex was down 4.56 points or 0.02% at 21,115.56.
On BSE, so far 7,733 shares were traded in the counter as against average daily volume of 2,319 shares in the past one quarter.
The stock hit a low of Rs 290 so far during the day. The stock had hit a record high of Rs 315 on 2 January 2014. The stock had hit a 52-week low of Rs 139.90 on 22 March 2013.
The stock had underperformed the market over the past one month till 28 February 2014, advancing 1.62% compared with the Sensex's 2.11% rise. The scrip had also underperformed the market in past one quarter, declining 4.32% as against Sensex's 2.85% rise.
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The small-cap company has equity capital of Rs 10.97 crore. Face value per share is Rs 10.
Atul Auto's net profit rose 16.7% to Rs 9.66 crore on 19% growth in net sales to Rs 122.89 crore in Q3 December 2013 over Q3 December 2012.
Atul Group is a leading manufacturer of three-wheeled commercial vehicles in the state of Gujarat.
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