Atul Auto shares gained as much as 3.42 per cent on Friday after the company reported 8.01 per cent growth in sales for the month of December 2015 at 4,005 units as compared to 3,708 units sold in December 2014.
At 1.59 pm, shares of Atul Auto was trading 2.37 per cent up at Rs 561.25. The scrip opened at Rs 554 and had touched a high and low of Rs 567 and Rs 550, respectively, in trade so far. The stocks of the company later closed 2.96 per cent up at Rs 564.50.
The promoters holding in the company stood at 52.70 per cent while institutions and non-institutions held 16.34 per cent and 30.96 per cent, respectively.
The company’s total sales from April to December this year rose by 6.49 per cent and stood at 33,372 units as compared to 31,338 units in the same period last year. Sensex was up 37.47 points at 26155.
Atul Auto is a manufacturer of 3-wheeled commercial vehicles in the state of Gujarat, presently engaged in the manufacturing of three wheelers like 6-seater auto rickshaws, pick-up vans and chassis of passenger vehicles.