Atul Auto surges on Birla Mutual Fund stake buy

Birla Mutual Fund acquired 200,000 equity shares of the company at Rs 405/share

Atul Auto surged over 4% after Birla Mutual Fund bought shares of the company through a bulk deal on the Bombay Stock Exchange.

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, Vijay Kishanlal Kedia sold 175,000 shares of the company at Rs 405.

The stock opened at Rs 407 and touched a high of Rs 425. At 1PM, over 150,000 shares were traded in the counter on the BSE and NSE.