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Atul Auto zooms 15% on heavy volumes

In past four trading sessions, the stock has rallied 31% after Goldman Sach and Birla Mutal Fund bought shares via open market.

SI Reporter Mumbai
Atul Auto has zoomed 15% to Rs 526, extending its previous day’s 4% gain on National Stock Exchange (NSE), after Goldman Sachs India Fund bought nearly 300,000 shares of the company from the open market on Tuesday.

The trading volumes on the counter more than doubled with a combined 966,009 shares changed hands till 1400 hours on NSE and BSE.

On November 25, Goldman Sachs India Fund purchased 283,936 shares representing 1.3% stake of Atul Auto at price of Rs 428.87 per share, the NSE bulk deal data shows.

Earlier on November 21, Birla Mutual Fund acquired 200,000 equity shares of Atul Auto at Rs 405 per share through a bulk deal, according to data on the BSE.

In past four trading sessions, the stock has rallied 31% from Rs 402 on November 21, as compared to a 0.07% drop in the benchmark CNX Nifty.
 
 

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First Published: Nov 27 2014 | 2:06 PM IST

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