Current price is more than the intrinsic value

Intrinsic value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry point

Red Flags Found

ICICI Direct recommended hold rating on Atul Auto with a target price of Rs 360 in its research report dated January 20, 2023.

Hold Atul Auto; target of Rs 360: ICICI Direct

Atul Greentech, a subsidiary of Atul Auto, on January 11, 2023 announced its foray into the electric space with the unveiling of two electric three wheelers

Atul Auto hits 3-year high on foray into EV space; zooms 29% in one week

Atul Greentech Private Limited, a subsidiary of Atul Auto Limited announced its foray into the electric space with the unveiling of two electric three wheelers

Atul Auto’s subsidiary could prove to be India’s Tesla in 3Ws: Vijay Kedia

Atul Auto Director Vijay Kedia said: “With our new electric additions, we aim to be technology leaders and provide intelligent, data-driven last-mile connectivity. Our advanced processes and infrastructure is the backbone of our business and empowers us to create and deliver world-class products.”

Atul Auto forays into EV space, launches two electric three-wheelers

The auto maker said its subsidiary, Atul Greentech, has unveiled two electric three-wheeler models, Atul Mobili & Atul Energie, at the Auto Expo 2023 in New Delhi.

Atul Auto subsidiary introduces electric 3-wheelers at Auto Expo 2023

Emkay Global Financial is bullish on Atul Auto has recommended buy rating on the stock with a target price of Rs 320 in its research report dated November 13, 2022.

Buy Atul Auto; target of Rs 320: Emkay Global Financial

Atul Auto reports consolidated net loss of Rs 0.12 crore in the September 2022 quarter

On October 4, the company’s board approved preferential issue of Rs 115 crore worth of warrants to promoters and non-promoters of the company, including investor Vijay Kishanlal Kedia.

Atul Auto hits highest level since January 2020; stock zooms 58% in October

Shares of Atul Auto continued its northward movement and surged 12 per cent to hit 52-week high of Rs 289.55 apiece in Friday’s intra-day trade

This auto stock zoomed 54% in 2 weeks on 5 mn warrants issue to Vijay Kedia

Atul Auto surged 6.30% to Rs 244.50, extending recent steep gains.

Atul Auto soars over 30% in five days

Speaking to ET NOW, Jitendra V Adhia of Atul Auto Ltd spoke about Atul Auto's capacity, sales outlook, EV-3 wheeler launch, fundraising plans & its utilisation, which will mainly be used to repay the debt. Moreover, he discussed how the market is likely to be back to normal & sales are picking up. Furthermore, he expects to deliver better numbers as compared to last year. Find more in the video only on ET NOW. #ETNow #AutoSales #BusinessNews 


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EV-3 Wheeler Launch on Track? | Atul Auto Sales Outlook & Funding | Jitendra V Adhia of Atul Auto

Atul Auto Limited is a manufacturer of three-wheeled commercial vehicles in the state of Gujarat. The Company is a three-wheeler manufacturer of auto rickshaws, pick-up vans and chassis of passenger vehicles.

Atul Auto Ltd

Atul Auto Ltd

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Hold Atul Auto; target of Rs 360: ICICI Direct

Atul Auto hits 3-year high on foray into EV space; zooms 29% in one week

Atul Auto’s subsidiary could prove to be India’s Tesla in 3Ws: Vijay Kedia

Atul Auto forays into EV space, launches two electric three-wheelers

Atul Auto subsidiary introduces electric 3-wheelers at Auto Expo 2023

Buy Atul Auto; target of Rs 320: Emkay Global Financial

Atul Auto reports consolidated net loss of Rs 0.12 crore in the September 2022 quarter

Atul Auto hits highest level since January 2020; stock zooms 58% in October

Atul Auto Ltd

Intrinsic valueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry pointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Hold Atul Auto; target of Rs 360: ICICI Direct

Atul Auto hits 3-year high on foray into EV space; zooms 29% in one week

Atul Auto’s subsidiary could prove to be India’s Tesla in 3Ws: Vijay Kedia

Atul Auto forays into EV space, launches two electric three-wheelers

Atul Auto subsidiary introduces electric 3-wheelers at Auto Expo 2023

Buy Atul Auto; target of Rs 320: Emkay Global Financial

Atul Auto reports consolidated net loss of Rs 0.12 crore in the September 2022 quarter

Atul Auto hits highest level since January 2020; stock zooms 58% in October

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock