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Atul Auto surges on reporting rise May sales

01 Jun 2016 Evaluate

Atul Auto is currently trading at Rs. 500.35, up by 9.75 points or 1.99% from its previous closing of Rs. 490.60 on the BSE.

The scrip opened at Rs. 494.00 and has touched a high and low of Rs. 505.00 and Rs. 491.30 respectively. So far 6075 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 581.00 on 06-Jan-2016 and a 52 week low of Rs. 330.00 on 12-Jun-2015.

Last one week high and low of the scrip stood at Rs. 505.00 and Rs. 480.20 respectively. The current market cap of the company is Rs. 1097.71 crore.

The promoters holding in the company stood at 52.70% while Institutions and Non-Institutions held 16.53% and 30.77% respectively.

Atul Auto has reported 0.63% growth in sales for the month of May 2016 at 3,025 units as compared to 3,006 units sold in May 2015. However, the company’s total sales for the April-May 2016 declined 22.53% and stood at 4,267 units as compared to 5,508 units in the same period last year.

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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