The Indian government has now realized the need for cities that can cope with the inherent challenges of urban living and also be magnets for investment to catalyse the local economies. The announcement of ‘100 smart cities’ falls in line with this vision. With increase in urbanization activities, Atul Auto is expected to see strong demand for its 3-wheelers. Moreover, continuous fall in crude oil prices and expected interest rate cut by RBI considering inflation under control will give further boost to company's 3-wheeler sales in near future.
- 60% at current market price of Rs. 141.50 (stock split adjusted price)
- 40% at price range of Rs. 110 – 120 (in case of correction in stock price)
Note: Hidden Gem stock of Nov'14 will be released on 30th Nov'14 from our research desk.
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Team - Saral Gyan.