Shares of this small-cap stock in Mr. Vijay Kedia’s portfolio rose up to 5 percent after announcing business updates pertaining to the unit sales performance. In the last one-month period, the company’s scrip rose close to 9 percent from Rs 343.35 to the current price level.
With a market capitalization of Rs 975 crores, the stocks of Atul Auto Limited closed at Rs 372 on Tuesday. The scrip saw an intra-day high of Rs 384.25 indicating a gain of around 5 percent as compared to the previous closing levels of Rs 367.25 apiece.
Keeping a purview of one year, the company’s stock has proven to deliver multibagger returns of around 110 percent to its stakeholders. It means that an investment of Rs 1 Lakh would have converted to Rs 2.10 Lakhs in one year period if someone would have invested in the company’s stock.
The stock prices are trading in the green after the company, in a regulatory filing with the BSE today, provided business updates pertaining to the unit sales performance of the company.
During the month of July 2023, the company sold a total of 2,110 vehicles exhibiting an increase of 11.05 percent as compared to 1,900 vehicles sold during July 2022. Moreover, the aggregate YTD sales of the company, i.e., from April to July, reduced from 7,105 vehicles during FY22-23 to 5,193 vehicles during FY23-24.
Ace investor Mr. Vijay Kedia has invested in the company’s stock and, as per the June 2023 data, he holds a total of 38,90,536 equity shares equating to a 14.93 percent stake in the company. The current holding value of his investment stands at approximately Rs 145 crores.
Facing losses in the past two financial years, the company turned out profitable during FY22-23 and reported net profits of Rs 3 crores and a net profit margin of 0.60 percent.
Atul Auto Limited is an Automobile company based in India that is engaged in the business of manufacturing as well as selling three-wheeled commercial automobiles in the domestic as well as overseas markets. The company has a wide range of product offerings, some of which are Atul Gemini, Atul Shakti, Atul Smart, etc.
Written by Amit Madnani
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