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Atul Auto scales record high on foreign fund buying

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Capital Market
Last Updated : Nov 26 2014 | 11:48 AM IST

Atul Auto rose 3.67% to Rs 454.50 at 10:39 IST on BSE after a foreign fund bought 1.29% stake in the auto ancillary company in a bulk deal on NSE on Tuesday, 25 November 2014.

Meanwhile, the S&P BSE Sensex was down 1.36 points at 28,336.69

On BSE, so far 38,236 shares were traded in the counter as against average daily volume of 37,609 shares in the past one quarter.

The stock hit a record high of Rs 461.90 in intraday trade today, 26 November 2014. The stock hit a low of Rs 425.50 so far during the day. The stock had hit a 52-week low of Rs 135 on 24 February 2014.

The stock had outperformed the market over the past one month till 25 November 2014, surging 15.58% compared with the Sensex's 5.54% rise. The stock had also outperformed the market in past one quarter, jumping 30.22% as against Sensex's 7.19% rise.

The small-cap company has equity capital of Rs 10.97 crore. Face value per share is Rs 5.

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Goldman Sachs India Fund bought 2.83 lakh shares of Atul Auto at an average price of Rs 428.87 per share in a bulk deal on NSE on Tuesday, 25 November 2014. Meanwhile, Kedia Securities sold 4.40 lakh shares of the company at an average price of Rs 428.86 per share in a bulk deal on NSE on Tuesday, 25 November 2014.

Atul Auto's net profit jumped 48.6% to Rs 10.97 crore on 20.4% growth in net sales to Rs 130.74 crore in Q2 September 2014 over Q2 September 2013.

Atul Group is a leading manufacturer of three-wheeled commercial vehicles in the state of Gujarat.

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First Published: Nov 26 2014 | 10:44 AM IST

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