Atul Auto rallies after strong sales in August

Atul Auto jumped 12.67% to Rs 168.50 at 15:09 IST on BSE after the company reported 37.98% increase in total sales to 3,204 units in August 2013 over August 2012.

The sales figures were disclosed during trading hours today, 2 September 2013.

Meanwhile, the BSE Sensex was up 252.54 points, or 1.36%, to 18,872.26

On BSE, 13,457 shares were traded in the counter compared with average volume of 2,958 shares in the past one quarter.

The stock hit a high of Rs 170 and a low of Rs 152.45 so far during the day. The stock hit a 52-week high of Rs 226.90 on 8 February 2013. It hit a 52-week low of Rs 96 on 3 September 2012.

The stock had underperformed the market over the past one month till 30 August 2013, sliding 18.94% compared with the Sensex's 3.77% decline. The scrip had also underperformed the market in past one quarter, falling 21.41% as against Sensex's 7.89% fall.

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

Atul Auto reported a 17.84% increase in total sales to 13,778 units in April-August 2013 over April-August 2012.

Net profit of Atul Auto rose 11.63% to Rs 4.32 crore on 11.38% rise 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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