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.
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Hammer at stoploss area shows a very strong demand zone. I see it as a good opportunity to add more here.
Trade active
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Target 1 Achieved. 13% up from initial buying levels. About 18% if added again or entered on 14th August.
looks good although if the gap is a runaway gap then the it'll stay in uptrend if not it'd fill the gap first and then resume it's uptrend. Insiders might wanna take it lower one more time around 340
CuriousChartist
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@sandeshprabhu85, Correct. My targets here are just the initial ones for a swing trade. A small 881 cr Market Cap company with a good uptrend has attracted the investment from the likes of Vijay Kedia. I ain't selling this unless the structure really gets bad. Holding for 2x 3x .....
CuriousChartist
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@CautiousChartist, Any dip would be an opportunity to add more
sandeshprabhu85
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@CautiousChartist, let's hope for the best
sandeshprabhu85
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Congratulations on spotting out another good trade, which stock are you looking next?
CuriousChartist
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@sandeshprabhu85 Thanks bro.. KPI Green looks interesting since I saw what you posted but all my eyes are on Persistent Systems for now. I'm at a stage like Nazar Hati Durghatna Ghati
sandeshprabhu85
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@CautiousChartist, Ha that's a good one, renewed conviction would be above 985 in KPI green as it's a minor resistance although Persistant looks all set for 5456 level