Atul Auto gains momentum on decent sales in Feb

Atul Auto gained 3.29% to Rs 439 at 12:21 IST on BSE after the company said that total sales rose 26.52% to 3,621 units in February 2018 over February 2017.

The announcement was made during market hours today, 1 March 2018.

Meanwhile, the S&P BSE Sensex was down 35.60 points or 0.1% at 34,148.44. The S&P BSE Small-Cap rose 44.22 points or 0.24% at 18,172.15, outperforming the Sensex.

On the BSE, 1,467 shares were traded on the counter so far as against the average daily volumes of 7,687 shares in the past one quarter. The stock had hit a high of Rs 444 and a low of Rs 424.45 so far during the day. The stock had hit a 52-week high of Rs 511.90 on 18 September 2017 and a 52-week low of Rs 389.85 on 30 June 2017.

The stock had outperformed the market over the past one month till 28 February 2018, falling 1.99% compared with the Sensex's 5.18% fall. The stock had, however, underperformed the market over the past one quarter, dropping 1.22% as against the Sensex's 1.68% rise. The scrip had also underperformed the market over the past one year, rising 1.46% as against the Sensex's 18.93% rise.

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

Atul Auto's net profit dropped 19.8% to Rs 9.7 crore on 4.4% decline in net sales to Rs 127.92 crore in Q3 December 2017 over Q3 December 2016.

Atul Auto manufactures three wheeler auto vehicles.

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