Atul Auto has created a niche market for themselves over 30years. Atul has emerged as the only player with complete range of 3wheeler products across the fuel range – Diesel, Petrol, CNG, LPG and now venturing into Electric. Company turnover has grown by three folds. CMP – 282.15. Negatives of the company is decreasing net cash flow. Positives of the company are low debt, improving quarterly net profit, improving annual net profit, zero promoter pledge and FIIs are increasing stake. Entry in the stock can be taken after closing above 291. The target will be 301 and 311. Long term target in the stock will be 330. Stop Loss should be maintained at a closing below 260.
Happy Candles Investment