On Monday, the benchmark indices ended the day in the green. BSE Sensex Index is up by 0.80 per cent at a level of 66,589.93. The Sensex Index reached a new 52-week high and an all-time high, reaching a level of 66,656.21. In the most recent trading session, the Sensex continued to hit consecutive 52-week highs.
The sudden rise in the stock price is attributed to renowned investor Vijay Kedia, who increased his stake in the company by 6.65 per cent in the June quarter. He now holds 35,69,024 shares, which accounts for 13.70 per cent of the company's total paid-up capital.
Atul Auto manufactures and sells auto rickshaws in domestic and overseas markets. The company has a market cap of Rs 885 crore with a 3-year stock price CAGR of 28 per cent. The net sales increased by 54.45 per cent to Rs 150.27 crore and net profit skyrocketed by 158.30 per cent to Rs 3.34 crore in Q4FY23 over Q4FY22. The net sales increased by 62.86 per cent to Rs 513 crore and net profit skyrocketed by 112 per cent to Rs 3 crore in FY23 over FY22.
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Disclaimer: The article is for informational purposes only and not investment advice.