Atul Auto jumps after reporting strong sales in September

Atul Auto surged 5.97% to Rs 191.70 at 11:10 IST on BSE after the company said its total sales rose 23.43% to 3,366 units in September 2013 over September 2012.

The company announced the sales numbers during trading hours today, 1 October 2013.

Meanwhile, the S&P BSE Sensex was up 47.38 points or 0.24% at 19,427.15.

On BSE, 8,721 shares were traded in the counter as against average daily volume of 2,949 shares in the past one quarter.

The stock hit a high of Rs 191.70 and a low of Rs 180.55 so far during the day. The stock hit a record high of Rs 226.90 on 8 February 2013. It hit a 52-week low of Rs 108 on 1 October 2012.

The stock had outperformed the market over the past one month till 30 September 2013, surging 20.96% compared with the Sensex's 4.08% rise. The scrip had, however, underperformed the market in the past one quarter, declining 2.19% as against Sensex's 0.08% fall.

The small-cap company has equity capital of Rs 10.97 crore. Face value per share is Rs 10.

Atul Auto's net profit rose 11.6% to Rs 4.32 crore on 11.4% growth in net sales to Rs 85.53 crore in Q1 June 2013 over Q1 June 2012.

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

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