Atul Auto Ltd
ATULAUTO

484.50

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

482.15

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Reco. Price
Rs 404.00
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 17x in FY17E. (Target Price-Rs 429)
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50 DMA (.)
424.51
100 DMA (.)
429.80
200 DMA (.)
446.63
Weekly Range (.)
412.00
487.40
Monthly Range (.)
400.00
487.40
52 Weeks Range (.)
391.00
567.95
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