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Vijay Kedia stock hits 5% upper circuit after it reports 24.58% YoY increase in sales!

Vijay Kedia stock saw 24.58% November sales growth, fueled by a 251.16% rise in electric L5 vehicles, while YTD sales grew 39.69%, showcasing strong performance in IC and electric segments.
Vijay Kedia stock records 24.58% November sales growth, driven by electric L5 vehicles and strong IC performance.
Vijay Kedia stock records 24.58% November sales growth, driven by electric L5 vehicles and strong IC performance.

Introduction:

Vijay Kedia stock reported 24.58% growth in November three-wheeler sales, driven by a 251.16% surge in electric L5 vehicles, while YTD sales rose 39.69%, highlighting robust growth in IC and electric segments.

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Share Price movement of Atul Auto Ltd:

On December 2, 2024, Atul Auto Ltd (NSE: ATULAUTO) opened at ₹578.65, hitting an intraday high of ₹595.20 and a low of ₹567.05. The stock is currently trading at ₹595.20, up 4.99%, with a market cap of ₹1,651.76 crore.

Atul Auto Ltd share price rise:

Atul Auto Ltd domestic three-wheeler sales grew by 19.41% in November 2024, with IC engine vehicles up 27.26% year-on-year. However, electric L3 vehicles declined by 15.16%, while electric L5 vehicles surged by 251.16%, reflecting significant growth in advanced electric vehicle segments.

Including exports, overall three-wheeler sales increased by 24.58% year-on-year in November 2024. IC engine vehicles saw a robust growth of 33.85%, while electric L3 vehicles experienced a decline of 15.16%. Electric L5 vehicles showcased remarkable growth, rising by 251.16% in this period.

Year-to-date (YTD) performance highlights a 39.69% growth in total three-wheeler sales. IC engine vehicles grew 43.89%, electric L3 vehicles improved by 20.44%, and electric L5 vehicles demonstrated outstanding growth of 155.59%, emphasizing the company’s growing focus on advanced electric vehicle offerings.

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Recent news About Atul Auto Ltd:

Atul Auto Ltd announced the publication of its standalone and consolidated unaudited financial results for Q2 FY25 in The Indian Express and The Financial Express, highlighting performance for the quarter and half year ended September 30, 2024.

Ace investor holding of Atul Auto Ltd:

An ace investor holds a significant 20.90% stake in Atul Auto Ltd, with a holding value of ₹345.3 crore. The investor owns 58,02,017 shares, reflecting strong confidence in the company’s growth potential and its three-wheeler manufacturing business.

Stock performance of Atul Auto Ltd for Period of 1 week, 6 months and 1 year:

Atul Auto Ltd’s stock gained 3.02% over the past week and 6.99% over six months, reflecting moderate short-term growth. However, it declined by 7.28% over the past year, indicating challenges in sustaining long-term performance amid market volatility.

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Shareholding pattern of Atul Auto Ltd:

All values in %Sep-24Jun-24Mar-24
Promoters42.7342.7342.73
FII0.580.590.48
DII0.310.410.41
Retail & others56.3956.2856.39
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About Atul Auto Ltd:

Atul Auto Ltd is a leading manufacturer of three-wheelers in India, offering a wide range of passenger and cargo vehicles. Known for innovation and quality, the company focuses on providing efficient, affordable, and eco-friendly mobility solutions domestically and internationally.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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