On 26th June, board of directors of the company has approved the sub-division of equity shares, and equity share of the company of the face value of Rs. 10/- each, shall be sub-divided into two equity shares of face value of Rs. 5/- each. Stock split is a good decision by the management as it will increase the liquidity of share with rise in trading volumes going forward. We suggest our members to continue to hold Atul Auto in their portfolio from medium to long term perspective.
- 60% at current market price of Rs. 282.50
- 40% at price range of Rs. 220 – 240 (in case of correction in stock price)
Saral Gyan Capital Services.