Atul Auto shares hit a 5% upper circuit limit after the company reported impressive sales figures for November 2024. Total sales reached 2,828 units, marking a 24.58% year-on-year (YoY) increase. The company’s domestic sales grew by 19.41%, with 2,535 units sold, driven mainly by a 27.26% rise in internal combustion engine (IC engine) three-wheelers. However, electric vehicle (EV) sales showed mixed results, with the L3 EV category down by 15.16%, while the L5 EV segment surged by 251.16%.
Year-to-date (YTD) performance is also strong, with a 39.90% growth in total domestic sales, reaching 20,124 units. Export sales contributed to the positive momentum.
Atul Auto Ltd. shares opened at ₹578.65, with a high of ₹595.20 and a low of ₹567.05 in recent trading. The stock has shown significant growth compared to its 52-week low of ₹470.00 but remains below its 52-week high of ₹844.40.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
