Atul Auto Ltd
ATULAUTO

434.00

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Turnover (lac)
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Day's Vol.(shares)

430.00

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Turnover (lac)
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Reco. Price
Rs 446.00

Last updated on 01-Dec-2016

We recommend accumulate on the stock on account of strong volume growth. This will be supported by revival in rural demand and recent product launches. Further, the clarity on the tax issue in Gujarat and expansion in the distribution network are positive developments. The stock is trading at a PE of 18x in FY17E. (Target Price-Rs 473)
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50 DMA (.)
462.35
100 DMA (.)
451.70
200 DMA (.)
472.95
Weekly Range (.)
422.00
443.15
Monthly Range (.)
400.00
488.95
52 Weeks Range (.)
391.00
584.60
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