Atul Auto is currently trading at Rs. 669.10, up by 9.35 points or 1.42% from its previous closing of Rs. 659.75 on the BSE.
The scrip opened at Rs. 655.00 and has touched a high and low of Rs. 687.75 and Rs. 645.00 respectively. So far 92136 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 706.75 on 01-Jan-2015 and a 52 week low of Rs. 135.00 on 24-Feb-2014.
Last one week high and low of the scrip stood at Rs. 706.75 and Rs. 578.85 respectively. The current market cap of the company is Rs. 1467.45 crore.
The promoters holding in the company stood at 55.07% while Institutions and Non-Institutions held 6.85% and 38.07% respectively.
Atul Auto is expecting double-digit growth for FY15. Even for FY16 the company is confident of double digit growth on back of new three-wheeler launch in both petrol and CNG versions in Q2 of FY16. The company anticipates a good response for this new launch from both the domestic as well as international market.
The company has procured a land near Ahmedabad in the state of Gujarat which will have capacity of production of 60,000 three-wheelers and the cost of this new facility would be around Rs 150 crore. The company is also looking to enter new export markets for the petrol three-wheeler.
Atul Auto is a leading manufacturer of 3-Wheeled Commercial Vehicles in the state of Gujarat, presently engaged in the manufacturing of Three Wheelers like 6-seater Auto Rickshaws, Pick-Up Vans and Chassis of Passenger Vehicles.
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