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Atul Auto surges on foreign fund buying

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Capital Market
Last Updated : Dec 31 2014 | 8:16 PM IST

Atul Auto jumped 7.4% to Rs 682.45 at 10:06 IST on BSE after Goldman Sachs bought a total of 4.05 lakh shares of the company in bulk deals on BSE yesterday, 30 December 2014.

Meanwhile, the S&P BSE Sensex was up 69.43 points or 0.25% at 27,472.67.

On BSE, so far 1.81 lakh shares were traded in the counter as against average daily volume of 1.30 lakh shares in the past two weeks.

The stock hit a high of Rs 684.50 so far during the day, which is a record high for the counter. The stock hit a low of Rs 638 so far during the day.

Goldman Sachs Asset Mgmt A/C Goldman Sachs Emerging Mkt Eq Fund bought 1.54 lakh shares of Atul Auto at Rs 616.40 per share yesterday, 30 December 2014. Goldman Sachs India Fund bought 2.5 lakh shares of the company at Rs 616.40 per share. Anita Nirajbhai Chandra sold 3 lakh shares of Atul Auto at Rs 610.26 per share.

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.

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

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First Published: Dec 31 2014 | 10:01 AM IST

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