Atul Auto rose 1.65% to Rs 406 at 9:58 IST on BSE after net profit surged 48.64% to Rs 10.97 crore on 20.56% growth in total income from operations to Rs 131.25 crore in Q2 September 2014 over Q2 September 2013.
The Q2 result was announced yesterday, 2 November 2014.
Meanwhile, the S&P BSE Sensex was down 28.51 points or 0.1% at 27,837.32.
On BSE, so far 32,000 shares were traded in the counter as against average daily volume of 30,160 shares in the past one quarter.
The stock hit a high of Rs 420.05 and low of Rs 405.95 so far during the day. The stock had hit a record high of Rs 447 on 12 September 2014. The stock had hit a 52-week low of Rs 121.30 on 31 October 2013.
The stock had outperformed the market over the past one month till 31 October 2014, jumping 8.3% compared with Sensex's 4.64% rise. The scrip also outperformed the market in past one quarter, surging 26.85% as against Sensex's 7.61% rise.
The small-cap company has equity capital of Rs 10.97 crore. Face value per share is Rs 5.
Atul Auto's board of directors at its meeting held on 2 November 2014, inter alia, decided to declare interim dividend of Rs 2.50 per share for FY 2015.
Atul Group is a leading manufacturer of three-wheeled commercial vehicles in the state of Gujarat.
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