Atul Auto hits record high

Atul Auto rose 2.53% to Rs 692.75 at 14:11 IST on BSE after the company said its total sales rose 5.64% to 3,708 units in December 2014 over December 2013.

The announcement was made during market hours today, 1 January 2015.

Meanwhile, the S&P BSE Sensex was down 25.46 points or 0.09% at 27,473.96.

On BSE, so far 1.34 lakh shares were traded in the counter as against average daily volume of 1.06 lakh shares in the past one quarter.

The stock hit a high of Rs 706.75 so far during the day, which is a record high for the counter. The stock hit a low of Rs 676 so far during the day. The stock had hit a 52-week low of Rs 135 on 24 February 2014.

The stock had outperformed the market over the past one month till 31 December 2014, surging 28.6% compared with the Sensex's 4.16% fall. The scrip had also outperformed the market in past one quarter, jumping 83.2% as against Sensex's 3.26% 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 jumped 48.6% to Rs 10.97 crore on 20.4% growth in net sales to Rs 130.74 crore in Q2 September 2014 over Q2 September 2013.

Atul Group is a leading manufacturer of three-wheeled commercial vehicles in the state of Gujarat.

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