Atul Auto gains as Birla Mutual Fund buys stake

Atul Auto is currently trading at Rs 441.00, up by 23.50 points or 5.63% from its previous closing of Rs. 417.50 on the BSE. The scrip opened at Rs. 422.00 and has touched a high and low of Rs. 444.00 and Rs. 410.00 respectively. So far 168127 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 447.00 on 12-Sep-2014 and a 52 week low of Rs. 135.00 on 24-Feb-2014. Last one week high and low of the scrip stood at Rs. 434.00 and Rs. 380.00 respectively. The current market cap of the company is Rs. 941.36 crore. The promoters holding in the company stood at 55.07% while Institutions and Non-Institutions held 6.85% and 38.07% respectively. Birla Mutual Fund has acquired 200,000 equity shares of Atul Auto at Rs 405 per share through a bulk deal. Meanwhile, Vijay Kishanlal Kedia sold 175,000 shares of the company at Rs 405. Recently, Kedia Securities has sold 3.21 lakh shares of Atul Auto through the open market route. The shares were sold on an average price of Rs 398.07 valuing the transaction to Rs 12.78 crore. Atul Auto is a leading manufacturer of 3-Wheeled Commercial Vehicles in the state of Gujarat, presently engaged in the manufacturing of Three Wheelers like 6-seater Auto Rickshaws, Pick-Up Vans and Chassis of Passenger Vehicles.