Vijay Kedia increases stake in Atul Auto.

Market Cap : 881 Cr

Atul Auto manufactures and sales Auto Rickshaws in domestic and overseas market. Atul's diesel engines are supplied by Greaves cotton whereas they makes their own engine for petrol and alternative fuel vehicles.

Capacity expansion
The company completed green field expansion taking the total capacity to 120,000 units on September 2021 at a cost of 150 cr. assembly line would be made operational in FY2022-23

Atul held 30% stake in Khusbu auto finance which was recently increased to 100%. The stake was valued at 64 Cr.

Comment:

Hammer at stoploss area shows a very strong demand zone. I see it as a good opportunity to add more here.

Trade active:

Target 1 Achieved. 13% up from initial buying levels. About 18% if added again or entered on 14th August.

Trade closed: target reached:

All Targets Achieved