206% Return In 1-Yr: Small Cap Auto Stock Total Sale Soars 34% YoY, Hits Upper Circuit

Small cap auto stock, Atul Auto Ltd witnessed a rally of over 1% in trade today on BSE soon after the company announced its total sale soared 34% YoY in August. Current market price of Atul Auto share is Rs 594.00 apiece with marginal gain of 0.33%. Atul Auto shares hit upper circuit and traded new 52-week high on August 31 and August 30. Check details below:

Atul Auto Total Sales Climbs: The company as per its BSE filing dated September 1, 2023 stated a surge of 34% in its total sale at 2610 units (2023-24) as against 1950 units year on year (YoY) (2022-23). For the April to August 2023 period (YTD), the company's total sales aggregated to 7803 units, witnessing a dip of 13.83% from 9,055 units sold in same period a year ago.

Atul Auto Stock Performance & Return: Current market price of Atul Auto share is Rs 594.00. Its 52-week high price is Rs 627.40 apiece and 52-week low price is Rs 179.75 apiece, respectively. Its market capitalisation is Rs 1418.78 crore. Atul Auto shares witnessed a sharp surge 29% in last 1-week only, gained 75% in last 3-months, soared 103% YTD, rallied 206% in last 1-year, and surged 194% in last 2-years.

Atul Auto Financial Outlook: The company for the quarter ended June 30, 2023 announced its consolidated total income at Rs 60.04 crore, down 60.05% as against its last quarter total income of Rs 150.30 crore. It declared its net profit after tax at Rs -9.41 crore in latest quarter.

Disclaimer

The stock just highlights the rally in share after it reported its August sale. It is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.