Rajkot based Atul Auto is a leading manufacturer of three wheelers and has a good market share. Today the stock, after lying low for a long time, has spurted by 20 per cent. Fundamentally also the company is good, and had reported an EPS of Rs 5 in the 9- month period ended December 09.
The stock is currently locked in circuit, and at the current price of 60, it has a market cap of only Rs 35 cr, and a book value of 51.The company had paid a dividend of 5 % last year and there are good chances that this may go up. A good stock to buy at declines.