Vijay Kedia's Biggest Profit in Just Four Hours with This Multibagger Stock Ahead of Monthly Business Update
The stock has continued its impressive performance, delivering multibagger returns of 103.6 per cent in 2023 and rising by 31.5 per cent in 2024.
The Nifty50 index surged over 100 points on Monday, reclaiming the 24,100 level. While the performance of Nifty50 is commendable, the broader market's performance is even more impressive. The Nifty Midcap 100 and Small-Cap 100 indices both reached fresh all-time highs on Monday, with the Nifty Midcap 100 rising by 0.77 per cent and the Small-cap 100 increasing by 1.30 per cent. Market breadth was strong, with 1,734 stocks advancing and 583 stocks declining.
One stock in the small-cap space attracting significant interest is Atul Auto. By the afternoon session, Atul Auto's share price had surged 19 per cent. The stock opened at Rs 634.40 and climbed to an all-time high of Rs 746.80 per share on the NSE. Atul Auto is one of the fastest-growing 3-wheeler companies in India, offering a complete range of 3-wheeler products across various fuel types, including diesel, petrol, CNG, LPG, and electric.
Atul Auto's stock recorded its sharpest single-day rise since 2019, with a trading volume of approximately 48 lakh shares on the NSE, a tenfold increase compared to the 30-day average volume of 4.7 lakh shares. Notably, ace investor Vijay Kedia holds an 18.20% stake in the company, amounting to 50,50,505 shares, along with an additional 2.71% stake (7,51,512 shares) through Kedia Securities. In total, Vijay Kedia holds about 58,02,017 shares in Atul Auto. With the stock hitting an upper circuit limit of 20 per cent and an absolute gain of Rs 125.35, Kedia's unrealized profit amounted to approximately Rs 72.73 crore (Rs 72,72,82,831) within just four hours of trading on Monday.
Atul Auto's rally comes ahead of its business update announcement for June. In May, the company reported sales of 2,331 vehicles, a 111.72 per cent increase compared to 1,101 vehicles in the same period last year. The stock has continued its impressive performance, delivering multibagger returns of 103.6 per cent in 2023 and rising by 31.5 per cent in 2024.
Disclaimer: The article is for informational purposes only and not investment advice.
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