Atul Auto Ltd up by 8.50 percent | Espresso

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Espresso Shot of the Day - Atul Auto Ltd up by 8.50 percent

April 05, 2023
Espresso Shot of the Day - Atul Auto Ltd up by 8.50 percent

ATUL AUTO LTD 401.35 (+8.50%) BSE –INE951D01028 | 05th April 2023

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Atul Auto Ltd is one of the key players in the Indian three-wheeler commercial vehicle space. Formed in 1986, the manufacturing of the Atul Auto Ltd vehicles began in 1992. The automaker has steadily expanded its portfolio in the passenger and cargo vehicle categories right from its customized ‘chakkada’ vehicles to Atul Shakti, Atul Smart, Atul Gem, and Atul Gemini. Atul Ltd is the fastest growing 3-Wheeler Company in India, with a presence across 21 states with 200 primary and 130 secondary networks. The company’s dealership, sales, service, and spare parts network comprises over 600 touch points across the globe. As opposed to Industry veterans, ATUL is one of the youngest & fastest growing companies in the sector. In last five years, the production turnover has grown by three folds.

Recent Drivers

  • On April 03,2023, Atul Auto Ltd reported a 114.56 per cent increase in sales in March to 3,154 units from 1,470 in the year-ago period. For fiscal year 2022-23, the firm's sales climbed 59 per cent to 2,5549 vehicles from 16,061 units in the previous year.
  • On March 20,2023, veteran investor and Director of Atul Auto, Vijay Kedia, raising his stake in the company to 8.4 per cent.
  • On February 4,2023, the company reported a quarterly net profit of Rs.2.65 crores in December 2022 vs a loss of 8.52 crores reported in December 2021
  • On February 4,2023, the company reported a quarterly net sale of Rs. 123.63 crores in December 2022, up 31.84% from the Rs.93.77 crores reported in December 2021.
            (Sources: Exchange, Money control, Business Standard)­


Technical Force*

  • S&P BSE SmallCap month till date gain by 2.13%.
  • 3 months avg. NSE volume: 531,651
  • Quantity traded: 93,959 | Deliverable quantity: 27,681 (29.46 %).
  • Stock price jumped by more than 170 % from a one-year low level: 145.10 (June 21, 2022)
  • Daily RSI (14) is near overbought territory today.
  • 52-week-high: 405.00| 52-week-low: 145.10


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

545.77

438.48

359.67

252.38

173.57

66.28

-

-

Fibonacci Pivot

438.48

367.39

323.47

295.19

252.38

209.58

181.29

137.37

66.28


Today’s Close

401.35

SMA

BSE

10 DAY

336.41

20 DAY

336.65

50 DAY

344.86

200 DAY

259.31


Some Key Ratios (Source: BSE)

Market Cap:  880.69 Crores

PE: -

OPM%: 7.47

ROE%:  -

Promoters holding%: 49.48

Prev. Close:  369.90


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.