We are particularly enthused by the operating margin and expect the company to sustain at least 17-18 percent in the medium term.
CD Equisearch is bullish on Atul has recommended buy rating on the stock with a target price of Rs 4169 in its research report dated December 18, 2018.
Auto airconditioning manufacturing company Subros has reported strong set of earnings for the quarter ended September 2018.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Raymond and Bharat Financial Inclusion and can buy Atul.
Stocks which rose to fresh 52-week high include names like Maruti Suzuki, Bharat Bijlee, Sagar Cements, Max India, TVS Motors, Vaibhav Global, Caplin Point, Premier Explosives, IOC, Kansai Nerolac, Muthoot Capital, Motherson Sumi etc. among others.
On May 9, 2017 Saif India IV FII Holdings sold 2,02,000 shares of Atul.
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9270-9230 and resistance at 9375-9414 while Bank Nifty has support at 22400 and resistance at 22750. NIFTY (9285) Support: 9270-9230 Resistant: 9375-9414 BANK NIFTY (22605) Support: 22400 Resistance: 22750 STOCKS Bullish Plays Atul: Base Formation Target: 2500 Stop loss: 1280 Ship Corp: Base Formation Target: 84 Stop loss: 78 Bearish Plays Jindal Steel: Breakdown Target: 100 Stop loss: 109 Rel Cap: Exhaustion Target: 630 Stop loss: 660
Coming on the back of a very substantial rally, the Rs 125 crore market cap company Amal Ltd reported good numbers. The company was promoted by Piramal Group in 1974-75, the controlling interest was sold to Atul Ltd of Lalbhai Group in 1985-86.
Dynamic Levels is bullish on Atul Ltd has recommended buy rating on the stock with a target price of Rs 2500 in its research report dated February 15, 2017.
CD Equisearch has recommended accumulate rating on Atul Ltd with a target price of Rs 2530 in its research report dated December 12, 2016.
According to Satish Gupta of Astrostocktips, auto stocks like Hero Moto, Escorts, Maruti Suzuki, TVS Motor, Bajaj Auto and Force Motors will get astro support.
Dyes/pigments stocks like Bhageria Industries, Poddar Pigments, Vivid Global, Atul, Vidhi Dyestuff will get astro support says Satish Gupta of Astrostocktips.
In an interview to CNBC-TV18's Latha Venkatesh and Sonia Shenoy, Gopi Kannan, CFO of Atul Ltd, spoke about Q2 earnings and the road ahead for the company.
Nifty has support at 8645 and resistance at 8747 while Bank Nifty has support at 19000 and resistance at 19750, says Prakash Gaba of prakashgaba.com.
Ashwani Gujral of ashwanigujral.com recommends buying Kotak Mahindra Bank, Atul and Tata Sponge.
On August 2, 2016 Arvind Brands Limited sold 1,80,000 shares of Atul at Rs 1,950.01.
Dynamic Levels is bullish on Atul has recommended buy rating on the stock with a target price of Rs 2300 in its research report dated July 29, 2016
Arvind Brands Ltd sold 2,50,000 shares of Atul at Rs 1,894.88 and Arvind Limited sold 4,50,000 shares at Rs 1,925.
On July 27, 2016 IDFC Premier Equity Fund bought 1,83,027 shares of Atul at Rs 1,925 and SBI Mutual Fund bought 7,29,228 shares at Rs 1,925.