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Shares of Atul Auto are rising for the second session

Shailendra BhatnagarSep 1, 2015, 14:27 IST

Atul Auto Ltd., a maker of three-wheelers, rose for the second session on Tuesday after the company reported a strong rise in monthly volume sales for August.

Atul Auto said its three-wheeler sales stood at 3,906 units in August compared with 3,504 units in the same month a year earlier, a rise of 14.8 percent.

As a consequence, Atul Auto rose 4.75 rupees, or 1.2 percent, to 417.50 rupees on the National Stock Exchange, where 60,000 shares were traded.

Atul Auto's market capitalisation has gained 21 percent to 908 crore rupees in the past one year and the stock is trading 7 times its book value of 58 rupees.

Image credit: Indiatimes