Atul Auto rose 2.95% to Rs 305.35 at 10:26 IST on BSE, with the stock extending Monday's 5% rally triggered by the company reporting strong sales in February 2014.
Meanwhile, the S&P BSE Sensex was up 73.04 points or 0.35% at 21,019.69.
On BSE, so far 2,955 shares were traded in the counter as against average daily volume of 2,418 shares in the past one quarter.
The stock hit a high of Rs 310.95 and a low of Rs 304.40 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 outperformed the market over the past one month till 3 March 2014, advancing 6.46% compared with the Sensex's 3.65% rise. The scrip had also outperformed the market in past one quarter, gaining 1.23% as against Sensex's 0.44% rise.
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The small-cap company has equity capital of Rs 10.97 crore. Face value per share is Rs 10.
Shares of Atul Auto have rallied 8.08% in two trading sessions from Rs 282.50 on 28 February 2014, after the company on Saturday, 1 March 2014 reported strong vehicle sales in February 2014. The stock had surged by the maximum permissible level of 5% to settle at Rs 296.60 on Monday, 3 March 2014.
Atul Auto's total vehicle sales rose 18.97% to 3,105 units in February 2014 over February 2013.
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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