Stock of the street: This small-cap commercial vehicle company's monthly sales increased by more than 100 per cent!
Shares of the company have gained more than 80 per cent in the last six months!
On April 1, 2023, Atul Auto Limited informed the exchange filling about its monthly business. And sales in the month of March have increased by more than 100 per cent YoY. Whereas, the YTD (April to March) sales have increased by 59.07 per cent.
The street reacted positively to the news, with the share price of Atul Auto gaining more than 18 per cent in just one day. In last four trading sessions, the shares of the company have gained more than 30 per cent.
In Q3FY23 on a consolidated basis, the company's revenue increased by 29.43 per cent YoY to Rs 133.11 crore. The bottom line stood at Rs 3.56 crore in Q3FY23 which gives a positive outlook for the company because the company delivered losses in its previous seven quarters. The company is a constituent of Group B stocks with a market capitalisation of Rs 894.84 crore.
On Thursday, the stock opened at Rs 400.08, with a high and low of Rs 415 and Rs 394. The stock closed trading at 407.80, up by 1.61 per cent. The stock has a 52-week high and low of Rs 415 and Rs 145.10, respectively on BSE. The stock has delivered multibagger returns to its shareholders in the last one year, gaining 105 per cent.