Hot Pursuit     13-Oct-17
Atul Auto advances as Birla Sunlife MF increases stake
Atul Auto rose 2.86% to Rs 475 at 11:54 IST on BSE after Birla Sunlife Mutual Fund increased stake in the company via purchase of bulk shares.

Meanwhile, the S&P BSE Sensex was up 238.13 points or 0.74% at 32,420.35. The S&P BSE Small-Cap advanced 87.40 points or 0.52% at 16,991.05.

On the BSE, 11,000 shares were traded on the counter so far as against the average daily volumes of 13,291 shares in the past one quarter. The stock had hit a high of Rs 480 and a low of Rs 472.50 so far during the day. The stock had hit a 52-week high of Rs 512 on 1 November 2016 and a 52-week low of Rs 389.85 on 30 June 2017.

The stock had underperformed the market over the past one month till 12 October 2017, sliding 4.71% compared with the Sensex's 0.07% rise. The stock had, however, outperformed the market over the past one quarter, advancing 10.62% as against the Sensex's 1.19% rise. The scrip had underperformed the market over the past one year, declining 5.22% as against the Sensex's 14.6% rise.

The small-cap company has equity capital of Rs 10.97 crore. Face value per share is Rs 5.

Goldman Sachs India sold 2.94 lakh shares of Atul Auto at Rs 463.05 per share in a bulk deal on the NSE yesterday, 12 October 2017. Birla Sunlife Mutual Fund bought 1.75 lakh shares at Rs 463 a piece.

Birla Sunlife Trustee Company A/C Birla Sunlife Resurgent India Fund – Series 4 held 4.33% stake and Goldman Sachs India owned 3.25% in Atul Auto as per the shareholding pattern as on 30 September 2017.

Atul Auto's net profit rose 61.7% to Rs 7.81 crore on 25% growth in net sales to Rs 115.53 crore in Q1 June 2017 over Q1 June 2016.

Atul Auto manufactures three wheeler auto vehicles.

Previous News
  Atul Auto reports consolidated net loss of Rs 3.65 crore in the June 2022 quarter
 ( Results - Announcements 14-Aug-22   14:32 )
  Atul Auto allots 21.71 lakh equity shares on conversion of warrants
 ( Corporate News - 26-Jun-23   16:06 )
  Atul Auto incorporates new subsidiary - Atulease
 ( Corporate News - 13-Jun-24   19:12 )
  Atul Auto soars over 30% in five days
 ( Hot Pursuit - 11-Oct-22   14:32 )
  Atul Auto records 17% drop in August sales
 ( Corporate News - 02-Sep-19   15:06 )
  Atul Auto hits record high as sales double to 2,628 units in Jun’24
 ( Hot Pursuit - 01-Jul-24   15:29 )
  Atul Auto reports consolidated net loss of Rs 5.73 crore in the March 2022 quarter
 ( Results - Announcements 28-May-22   08:11 )
  Atul Auto to discuss Accounts
 ( Corporate News - 11-May-18   11:25 )
  Atul Auto incorporates Atulease in India; Vijay Kedia acquires 20% stake
 ( Hot Pursuit - 14-Jun-24   08:24 )
  Atul Auto jumps after reporting growth in February auto sales
 ( Hot Pursuit - 01-Mar-16   15:21 )
  Atul Auto records 25.09% growth in sales in May 2018
 ( Corporate News - 01-Jun-18   14:14 )
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