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Atul Auto advances as Birla Sunlife MF increases stake

Capital Market 

Auto rose 2.86% to Rs 475 at 11:54 on after Birla Sunlife Mutual Fund increased stake in the company via purchase of bulk

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

On the BSE, 11,000 were traded on the counter so far as against the average daily volumes of 13,291 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 of 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 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 Auto as per the shareholding pattern as on 30 September 2017.

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.

Auto manufactures three wheeler auto vehicles.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 13 2017. 12:00 IST