Small cap automobile companies locked the upper circuit with a gain of 20%. The shares of Atul Auto climbed 20% and closed at Rs 752.75 on Monday, July 1. Popular Investor Vijay Kedia has bought more than 58,00,000 shares in this company. This small cap company share was trading at Rs 8 now it has crossed 800 level.
What’s the Story
The shares of Atul Auto hit a 20% upper circuit on Monday, July 1. The share price has skyrocketed and touched a new record high of Rs 818.40 during the trading session on Tuesday, July 2. Within just 2 days the shares climbed nearly 30%. Atul Auto has delivered impressive returns of 39.61% so far YTD.
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Shares Have Delivered More than 10,125% Returns in 15 Years
The Shares of Atul Auto Limited have delivered more than 10,125% in the last few years. Shares of this Small cap company were trading nearly Rs 8 in July 2009. Now it’s currently trading nearly Rs 799 as of July 2, 2024. If a person had invested Rs 10,000 in Atul Auto shares in July, 2009, it would have become Rs 9,72,500 at present.Â
Impressive Returns in the Last Year
The Shares of Atul Auto Limited (NSE: ATULAUTO) have delivered more than 132% in the last one year. The company’s shares were trading at Rs 343 in July, 2023 now it has crossed Rs 818. With this market cap of the company reached Rs 2,187.91 crore. The 52-week high of Atul Auto shares is Rs 818.40. At the same time, the 52-week low of the company’s shares is Rs 325.95.Â
Atul Auto Share Price Target
Atul Auto price target is given as Rs 1056.28 by stock market experts. The share will remain bullish throughout the year and reach this level.
Vijay Kedia has more than 58 lakh shares
Veteran investor Vijay Kedia is confident in Atul Auto Limited shares. According to the shareholding data available on BSE March, Veteran Investor Vijay Kedia holds 50,50,505 shares of Atul Auto Limited, representing a 18.20% stake in the company. Apart from this, Vijay Kedia has also bought 7,51,512 shares of Atul Auto, through Kedia Securities Private Limited. In total he holds 5,802,017 shares.
About the Company
Atul Auto Limited is a leading automobile company that produces 3 wheeler auto rickshaw. In the past year, it has shown impressive profit and sales growth. Profit growth has risen 117.69% and sales growth is up by 61.56%.
Currently the company is working to reduce its debt so investors should keep an eye on the Small cap company on the radar.
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