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Atul Auto has zoomed 18% to Rs 658, also its new high on National Stock Exchange (NSE), on back of heavy volumes.
The stock opened at Rs 560 and hit a low of Rs 551 on NSE. The trading volumes on the counter more than doubled with a combined 1.79 million shares changed hands till 1317 hours on NSE and BSE.
In past seven trading sessions, the shares of three-wheelers maker rallied 58% from Rs 417 on November 24, after Goldman Sachs India Fund bought nearly 300,000 shares of the company from the open market.
On November 25, Goldman Sachs India Fund purchased 283,936 shares representing 1.3% stake of Atul Auto at price of Rs 428.87 per share, the NSE bulk deal data shows.
Earlier on November 21, Birla Mutual Fund acquired 200,000 equity shares of Atul Auto at Rs 405 per share through a bulk deal, according to data on the BSE.
Meanwhile, the company reported 18.8% year on year growth in total sales to 3,807 units during the month of November 2014 against 3,204 units sold in the same month last year.
The stock opened at Rs 560 and hit a low of Rs 551 on NSE. The trading volumes on the counter more than doubled with a combined 1.79 million shares changed hands till 1317 hours on NSE and BSE.
In past seven trading sessions, the shares of three-wheelers maker rallied 58% from Rs 417 on November 24, after Goldman Sachs India Fund bought nearly 300,000 shares of the company from the open market.
On November 25, Goldman Sachs India Fund purchased 283,936 shares representing 1.3% stake of Atul Auto at price of Rs 428.87 per share, the NSE bulk deal data shows.
Earlier on November 21, Birla Mutual Fund acquired 200,000 equity shares of Atul Auto at Rs 405 per share through a bulk deal, according to data on the BSE.
Meanwhile, the company reported 18.8% year on year growth in total sales to 3,807 units during the month of November 2014 against 3,204 units sold in the same month last year.
