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Atul Auto hits 3-year high, has zoomed 47% in a month

Better-than-expected sales in December and a foray into the electric vehicle segment have boosted investor sentiment

January 19, 2023 / 01:26 PM IST
 
 
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 Atul Auto Ltd hit a three-year high in the afternoon trade on January 19, surging nearly 47 percent in the last month on the back of higher volumes.

Atul Auto Ltd posted better-than-expected sales numbers in December and also announced a foray into the electric vehicle segment, boosting investor sentiment.

The stock hit a high of Rs 364, a level last seen on April 1 2019, in the afternoon. At 1 pm, the stock was trading at Rs 360 on the BSE, up 5 percent from its previous close. Atul Auto has gained more than 75 percent in the last year.

On January 3, the firm reported a 28 percent rise in its sales to 2,151 units in December from 1,683 sold a year ago.