Atul Auto hits highest level since January 2020; stock zooms 58% in October

On October 4, the company's board approved preferential issue of Rs 115 crore worth of warrants to promoters and non-promoters of the company, including investor Vijay Kishanlal Kedia.

Shares of Atul Auto hit their 34-month high level of Rs 297.15 as the stock rallied 7 per cent on the BSE in Monday’s intra-day trade. The stock of commercial vehicles company has zoomed 58 per cent thus far in October and is trading at its highest level since January 2020. In comparison, the S&P BSE Sensex has gained 5.5 per cent during in October, data showed.

Atul Auto has continued at its northward movement after October 4, when the company’s board approved a preferential issue of Rs 115 crore worth of warrants to its promoters and non-promoters, including renowned