Multibagger Stock: This stock rose by more than 9 percent, investors got bumper returns, became rich – multibagger stock atul auto ltd shares gained 9 percent all details here
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Mumbai: Veteran investor Vijay Kedia has increased his stake in Atul Auto Ltd. A lot of jump is being seen in the shares of the company today. Today the shares of Atul Limited have increased by more than 9 per cent. Atul Auto Ltd. shares gained 9.76% despite the weakness in the market. At the same time, an increase of more than 2.43 times is being seen in the volume of the stock. The rally in the stock is also being attributed to the influential participation of key investor Vijay Kedia. Vijay Kedia has increased his stake in Atul Auto from 7.05% to 13.70% between April and June 2023. He now holds 35,69,024 shares, which is 13.70% of the total paid-up capital of the company. In the last quarter (January to March 2023), he held 16,83,502 shares, which is equivalent to 7.05% of the total paid-up capital.
Explain that Atul Auto Company is the manufacturer and seller of auto rickshaws. It provides services to both domestic and international markets. In the financial year 2022-2023, Atul Auto has posted an impressive financial performance. The total revenue of the company increased by 62.85% over the previous financial year to reach Rs 513 crore. In addition, the operating profit grew by 125% to Rs.36 crore, while the net profit increased by 88% to Rs.3 crore over the previous year. Investors can include the shares of the company in their portfolio to earn profits.
Explain that Atul Auto Company is the manufacturer and seller of auto rickshaws. It provides services to both domestic and international markets. In the financial year 2022-2023, Atul Auto has posted an impressive financial performance. The total revenue of the company increased by 62.85% over the previous financial year to reach Rs 513 crore. In addition, the operating profit grew by 125% to Rs.36 crore, while the net profit increased by 88% to Rs.3 crore over the previous year. Investors can include the shares of the company in their portfolio to earn profits.
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