Vijay Kedia Holds 21 Per Cent Stake: Multibagger Auto Stock Reporting Stellar Three-Wheeler Vehicles Sales For March 2025
The stock is up by 23 per cent from its 52-week low of Rs 407.05 per share and has given multibagger returns of over 250 per cent in 5 years.
On Wednesday, multibagger auto stock plunged 1.25 per cent to Rs 499.65 per share from its previous close of Rs 506 per share. The stock’s 52-week high is Rs 840 and its 52-week low is Rs 407.05.
The buzzing stock name is Atul Auto Ltd.
Atul Auto Limited is an Indian three-wheeler manufacturing company based in Rajkot. Atul Auto manufactures and sells auto rickshaws in domestic and overseas markets. The company has a market cap of Rs 1,350 crore.
Atul Auto Ltd announced stellar three-wheeler vehicle sales performance figures for the Company for March 2025.
* This indicates the sales of vehicles made by the subsidiary Atul Greentech Private Limited. The figure does not include any of the vehicles sold in March 2025, as it was part of the total sales disclosed by Atul Auto Limited upto June 30, 2024, on a standalone basis. The total sales for Atul Greentech Private Limited for the month have remained 234 Vehicles.
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According to Quarterly Results, the net sales increased by 26.3 per cent to Rs 194.99 crore and net profit increased by 59.3 per cent to Rs 7.12 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 39.4 per cent to Rs 511.72 crore and net profit increased by 468.5 per cent to Rs 12.45 crore in 9MFY25 compared to 9MFY24. In FY24, the company reported net sales of Rs 527.29 crore and net profit of Rs 7.07 crore.
An ace investor, Vijay Kedia, along with his company (Kedia Securities Pvt Ltd), owns a 20.91 per cent stake in the company. The stock is up by 23 per cent from its 52-week low of Rs 407.05 per share and has given multibagger returns of over 250 per cent in 5 years. Investors should keep an eye on this auto stock.
Disclaimer: The article is for informational purposes only and not investment advice.