Atul Auto gains on decent sales growth in October

Atul Auto was up 1.87% to Rs 496.60 at 14:39 IST on BSE after the company said its sales rose 9.52% to 5,037 units in October 2016 over October 2015.

The company announced the monthly sales volume data during market hours today, 1 November 2016.

Meanwhile, the S&P BSE Sensex was down 5.63 points or 0.02% at 27,924.58.

On BSE, so far 29,000 shares were traded in the counter as against average daily volume of 10,809 shares in the past one quarter. The stock hit a high of Rs 512 and a low of Rs 485 so far during the day. The stock had hit a 52-week high of Rs 581 on 6 January 2016. The stock had hit a 52-week low of Rs 392 on 10 August 2016. The stock had outperformed the market over the past one month till 30 October 2016, advancing 1.84% compared with 0.23% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 3.57% as against Sensex's 0.43% fall.

 

The small-cap company has equity capital of Rs 10.97 crore. Face value per share is Rs 5.

Atul Auto's net profit fell 29.4% to Rs 5.01 crore on 12.7% decline in net sales to Rs 92.45 crore in Q1 June 2016 over Q1 June 2015.

Atul Auto manufactures three wheeler auto vehicles.

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